Cameco (TSE:CCO) Raised to “Buy” at Paradigm Capital

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by investment analysts at Paradigm Capital from a “hold” rating to a “buy” rating in a report released on Monday, BayStreet reports. The firm currently has a C$130.00 price objective on the stock, down from their prior price objective of C$150.00. Paradigm Capital‘s price target suggests a potential upside of 22.66% from the company’s current price.

CCO has been the topic of several other reports. Royal Bank Of Canada set a C$184.00 price objective on Cameco and gave the stock an “outperform” rating in a research note on Thursday, September 24th. National Bank Financial lowered their target price on shares of Cameco from C$184.00 to C$178.00 and set an “outperform” rating for the company in a research note on Monday, November 2nd. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and increased their target price for the stock from C$163.00 to C$166.00 in a report on Monday, July 27th. Barclays reduced their price target on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Finally, Truist Financial raised shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Cameco has an average rating of “Buy” and a consensus price target of C$176.44.

Cameco Stock Up 5.3%

Shares of CCO traded up C$5.33 during midday trading on Monday, hitting C$105.98. The company had a trading volume of 863,385 shares, compared to its average volume of 1,049,807. The company has a quick ratio of 3.74, a current ratio of 2.55 and a debt-to-equity ratio of 13.95. The stock has a market cap of C$46.16 billion, a price-to-earnings ratio of 116.46, a PEG ratio of 2.22 and a beta of 1.29. Cameco has a 52 week low of C$92.52 and a 52 week high of C$182.72. The company’s 50 day moving average price is C$122.59 and its 200 day moving average price is C$143.11.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Friday, October 30th. The company reported C($0.01) EPS for the quarter. Cameco had a return on equity of 5.61% and a net margin of 11.43%. The firm had revenue of C$619.06 million for the quarter.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.