Cameco (TSE:CCO) Upgraded by Stifel Canada to Strong-Buy Rating

Stifel Canada upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on CCO. 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 report on Friday, February 21st. Scotiabank raised their price target on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Royal Bank of Canada raised their price target on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Finally, Raymond James raised their price objective on Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$85.30.

Cameco Price Performance

Shares of CCO stock opened at C$60.96 on Wednesday. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The stock’s 50-day moving average is C$68.60 and its 200 day moving average is C$69.63. The company has a market cap of C$26.83 billion, a P/E ratio of 230.33, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

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.