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

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

CCO has been the subject of a number of other reports. TD Securities decreased their price target on shares of 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. Raymond James increased their target price on Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. Royal Bank of Canada lifted their price target on Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Finally, Scotiabank increased their price objective on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Six analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and an average price target of C$85.30.

Cameco Stock Up 1.1 %

Shares of Cameco stock opened at C$60.96 on Wednesday. The company’s fifty day simple moving average is C$68.60 and its two-hundred day simple moving average is C$69.63. Cameco has a 12-month low of C$48.71 and a 12-month high of C$88.18. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. 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.

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.