Cameco (TSE:CCO) Rating Increased to Strong-Buy at Sanford C. Bernstein

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by analysts at Sanford C. Bernstein to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

CCO has been the subject of a number of other research reports. Scotiabank decreased their price target on Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. National Bankshares cut their price target on Cameco from C$87.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, TD Securities reduced their target price 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. Six equities research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$84.20.

Cameco Stock Performance

TSE CCO opened at C$60.84 on Tuesday. The business’s 50-day simple moving average is C$65.52 and its 200-day simple moving average is C$70.51. 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 has a 1-year low of C$48.71 and a 1-year high of C$88.18. The firm has a market capitalization of C$26.78 billion, a P/E ratio of 229.87, 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.