Sanford C. Bernstein Boosts Cameco (TSE:CCO) Price Target to C$201.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by analysts at Sanford C. Bernstein from C$139.00 to C$201.00 in a note issued to investors on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s target price points to a potential upside of 29.53% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Desjardins upped their target price on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Raymond James Financial boosted their price target on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. National Bankshares increased their price objective on shares of Cameco from C$140.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Scotiabank lifted their target price on Cameco from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group upgraded Cameco to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$156.84.

Cameco Stock Performance

TSE:CCO opened at C$155.18 on Thursday. The stock has a 50-day moving average price of C$142.85 and a 200 day moving average price of C$125.36. The stock has a market capitalization of C$67.57 billion, a P/E ratio of 128.25, a P/E/G ratio of 2.22 and a beta of 1.24. Cameco has a 12-month low of C$49.75 and a 12-month high of C$182.72. 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 (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.07 earnings per share for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The business had revenue of C$614.56 million during the quarter.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.