Cameco Co. (TSE:CCO) Stock Has Consensus Target Price of C$179.89

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$179.89.

CCO has been the topic of a number of recent research reports. Barclays decreased their price objective on Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. National Bank Financial set a C$185.00 target price on shares of Cameco and gave the stock an “outperform” rating in a report on Monday, October 5th. TD set a C$190.00 price target on Cameco and gave the company a “buy” rating in a research note on Thursday, September 24th. Truist Financial raised Cameco to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group set a C$190.00 price target on shares of Cameco and gave the company a “buy” rating in a research report on Thursday, September 3rd.

Cameco Stock Down 0.4%

Shares of TSE:CCO opened at C$110.13 on Friday. The company’s fifty day moving average is C$129.28 and its 200-day moving average is C$140.14. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06. Cameco has a 52 week low of C$107.55 and a 52 week high of C$182.72. The company has a market capitalization of C$47.97 billion, a PE ratio of 135.96, a P/E/G ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$813.77 million during the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%.

About Cameco

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.