Cameco (TSE:CCO) Rating Increased to Moderate Buy at Desjardins

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

A number of other research analysts also recently weighed in on the company. TD Securities cut their price objective on 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. Scotiabank dropped 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 research report on Tuesday, March 25th. National Bankshares decreased their price objective on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$84.20.

Cameco Trading Down 6.6 %

Cameco stock opened at C$53.83 on Thursday. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The company’s fifty day moving average price is C$64.51 and its two-hundred day moving average price is C$70.45. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The company has a market capitalization of C$23.69 billion, a price-to-earnings ratio of 203.39, a PEG ratio of 2.22 and a beta of 0.90.

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.