Cameco (TSE:CCO) Upgraded at Stifel Canada

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Raymond James increased their price target on Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Royal Bank of Canada increased their target price on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Scotiabank boosted their price target on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Finally, TD Securities dropped their price objective on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Six research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$85.30.

Cameco Stock Up 1.1 %

CCO opened at C$60.96 on Wednesday. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a 50 day moving average price of C$68.60 and a 200-day moving average price of C$69.63. The stock has a market capitalization of C$26.83 billion, a price-to-earnings ratio of 230.33, 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.