Cameco (TSE:CCO) Upgraded at Stifel Canada

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

Several other brokerages have also recently commented on CCO. TD Securities decreased their price objective 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. Scotiabank lifted their price objective on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Raymond James boosted their target price on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Six equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$85.30.

Cameco Stock Performance

Shares of TSE CCO opened at C$60.96 on Wednesday. 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 12 month low of C$48.71 and a 12 month high of C$88.18. The company has a 50 day simple moving average of C$68.60 and a two-hundred day simple moving average of C$69.63. The stock has a market cap of C$26.83 billion, a price-to-earnings ratio of 230.33, a PEG ratio of 2.22 and a beta of 0.90.

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.