Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$133.84

Cameco Co. (TSE:CCO) (NYSE:CCJ) has received an average rating of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$141.24.

A number of equities analysts have recently commented on CCO shares. TD Securities raised their price objective on shares of Cameco from C$118.00 to C$142.00 in a report on Tuesday, October 21st. Bank of America raised their price target on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Stifel Nicolaus lifted their price objective on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets upped their price objective on Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. Finally, Canaccord Genuity Group increased their target price on Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th.

Cameco Price Performance

Shares of CCO stock opened at C$129.43 on Friday. Cameco has a 12 month low of C$49.75 and a 12 month high of C$153.59. The company has a market capitalization of C$56.35 billion, a P/E ratio of 106.97, a P/E/G ratio of 2.22 and a beta of 1.28. The stock has a 50 day moving average of C$120.74 and a two-hundred day moving average of C$101.49. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.