Cameco (TSE:CCO) Receives Buy Rating from Eight Capital

Eight Capital restated their buy rating on shares of Cameco (TSE:CCO) (NYSE:CCJ) in a research report released on Monday, Stock Target Advisor reports.

Several other research firms have also weighed in on CCO. Scotiabank upped their target price on Cameco from C$25.00 to C$27.00 in a report on Monday, July 12th. Canaccord Genuity reissued a buy rating and issued a C$27.00 target price on shares of Cameco in a report on Monday, May 31st. Royal Bank of Canada reissued an underperform rating and issued a C$17.00 target price on shares of Cameco in a report on Thursday, July 29th. Finally, Raymond James upped their target price on Cameco from C$25.00 to C$29.00 and gave the company an outperform rating in a report on Tuesday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$24.53.

Shares of CCO stock opened at C$30.98 on Monday. The business’s fifty day moving average price is C$22.89 and its 200 day moving average price is C$22.73. Cameco has a 1-year low of C$11.84 and a 1-year high of C$33.61. The firm has a market capitalization of C$12.32 billion and a PE ratio of -543.51. The company has a debt-to-equity ratio of 20.57, a current ratio of 7.94 and a quick ratio of 5.47.

About Cameco

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Analyst Recommendations for Cameco (TSE:CCO)

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