Cameco (TSE:CCO) Raised to “Moderate Buy” at Desjardins

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on CCO. Scotiabank lowered their price target on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. National Bankshares decreased their target price on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, TD Securities cut their target price on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average target price of C$84.20.

Cameco Price Performance

TSE CCO opened at C$53.83 on Thursday. The company has a market capitalization of C$23.69 billion, a PE ratio of 203.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The firm’s 50 day moving average is C$64.51 and its 200-day moving average is C$70.45. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a 12-month low of C$48.71 and a 12-month high of C$88.18.

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.