Cameco (TSE:CCO) Upgraded to Moderate Buy at Desjardins

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

Several other analysts have also weighed in on the company. National Bankshares cut their price objective on Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday. TD Securities dropped their price target on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday. Scotiabank dropped 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 report on Tuesday, March 25th. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$84.20.

Cameco Price Performance

TSE CCO opened at C$53.83 on Thursday. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18. The firm has a market capitalization of C$23.69 billion, a PE ratio of 203.39, a P/E/G ratio of 2.22 and a beta of 0.90. The company’s 50 day simple moving average is C$64.51 and its 200 day simple moving average is C$70.45. 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.