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

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

CCO has been the topic of several other reports. Raymond James boosted their price objective on shares of Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. TD Securities reduced 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 report on Friday, February 21st. Scotiabank raised their price objective on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada upped their target price on 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and a consensus price target of C$85.30.

Cameco Stock Performance

TSE CCO opened at C$60.96 on Wednesday. The business has a 50 day moving average price of C$68.60 and a 200 day moving average price of C$69.63. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The company has a market capitalization of C$26.83 billion, a P/E ratio of 230.33, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18.

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.