Cameco Co. (TSE:CCO) Stock Has Consensus Price Target of C$179.11

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$179.61.

Several brokerages have recently commented on CCO. Truist Financial raised shares of Cameco to a “strong-buy” rating in a research note on Monday, July 13th. Jefferies Financial Group set a C$190.00 target price on Cameco and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada set a C$184.00 price target on Cameco and gave the company an “outperform” rating in a report on Thursday, September 24th. Barclays lowered their price target on Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Finally, UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective for the company in a report on Monday, July 27th.

Cameco Price Performance

CCO opened at C$123.29 on Wednesday. The stock has a 50-day moving average price of C$132.54 and a 200-day moving average price of C$143.80. Cameco has a 12-month low of C$109.89 and a 12-month high of C$182.72. The company has a current ratio of 3.06, a quick ratio of 3.74 and a debt-to-equity ratio of 14.14. The stock has a market capitalization of C$53.70 billion, a P/E ratio of 152.21, a PEG ratio of 2.22 and a beta of 0.94.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.