Cameco (TSE:CCO) Upgraded at Desjardins

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

Several other equities analysts have also commented on the company. National Bankshares dropped their target price on Cameco from C$87.00 to C$81.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. TD Securities decreased their target price on 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. Sanford C. Bernstein raised Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Scotiabank cut their price objective 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. Six analysts have rated the stock with a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average target price of C$84.20.

Cameco Trading Down 6.6 %

TSE CCO opened at C$53.83 on Thursday. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The firm has a 50 day moving average of C$64.51 and a two-hundred day moving average of C$70.58. The stock has a market capitalization of C$23.69 billion, a PE ratio of 203.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

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.