Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$85.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received an average rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$84.80.

Several research analysts have weighed in on CCO shares. Scotiabank lowered their target price on Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, TD Securities dropped their price objective on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

Cameco Stock Performance

TSE CCO opened at C$59.90 on Friday. The firm has a market cap of C$26.36 billion, a P/E ratio of 226.32, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18. The business’s 50-day moving average price is C$66.56 and its 200 day moving average price is C$70.20. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

About Cameco

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.