Eight Capital Reiterates Buy Rating for Cameco (TSE:CCO)

Cameco (TSE:CCO) (NYSE:CCJ)‘s stock had its “buy” rating reissued by analysts at Eight Capital in a note issued to investors on Monday, Stock Target Advisor reports.

CCO has been the topic of several other research reports. Raymond James increased their target price on Cameco from C$25.00 to C$29.00 and gave the company an “outperform” rating in a report on Tuesday, September 7th. Scotiabank increased their target price on Cameco from C$25.00 to C$27.00 in a report on Monday, July 12th. Royal Bank of Canada reissued an “underperform” rating and issued a C$17.00 target price on shares of Cameco in a report on Thursday, July 29th. Finally, Canaccord Genuity reissued a “buy” rating and issued a C$27.00 target price on shares of Cameco in a report on Monday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$24.53.

Shares of TSE CCO opened at C$30.84 on Monday. The stock has a market cap of C$12.27 billion and a P/E ratio of -541.05. The company has a current ratio of 7.94, a quick ratio of 5.47 and a debt-to-equity ratio of 20.57. Cameco has a 12-month low of C$11.84 and a 12-month high of C$33.61. The business’s fifty day simple moving average is C$23.04 and its 200-day simple moving average is C$22.81.

About Cameco

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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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