Cameco Co. (TSE:CCO – Get Free Report) (NYSE:CCJ) has been assigned an average rating of “Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$78.60.
A number of research analysts recently issued reports on CCO shares. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group lifted their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Scotiabank dropped their target price on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd.
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Shares of TSE CCO opened at C$74.76 on Wednesday. The stock has a market cap of C$32.53 billion, a P/E ratio of 126.71, a PEG ratio of 2.22 and a beta of 0.90. The business’s fifty day simple moving average is C$61.15 and its 200-day simple moving average is C$65.36. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39.
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). The company had revenue of C$598.00 million during the quarter. Cameco had a net margin of 9.70% and a return on equity of 4.23%.
Cameco Company Profile
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
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