Cameco (TSE:CCO) Upgraded at Desjardins

Desjardins upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) to a moderate buy rating in a report issued on Thursday,Zacks.com reports.

CCO has been the subject of several other research reports. TD Securities lowered their price target on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. National Bankshares reduced 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 research note on Wednesday. Scotiabank lowered their target price 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. Finally, Sanford C. Bernstein raised Cameco to a “strong-buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, Cameco currently has an average rating of “Buy” and an average price target of C$84.20.

Cameco Price Performance

Shares of TSE:CCO opened at C$53.83 on Thursday. The business has a fifty day simple moving average of C$64.51 and a 200 day simple moving average of C$70.45. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The firm has a market cap of C$23.69 billion, a price-to-earnings ratio of 203.39, a P/E/G ratio of 2.22 and a beta of 0.90.

About Cameco

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.