Raymond James Financial Raises Cameco (TSE:CCO) Price Target to C$180.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by equities researchers at Raymond James Financial from C$165.00 to C$180.00 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential upside of 12.46% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. UBS Group raised Cameco to a “hold” rating in a research report on Monday, November 10th. Scotiabank boosted their target price on Cameco from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Desjardins increased their price target on Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Bank of America raised their price target on Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$159.15.

Cameco Price Performance

CCO opened at C$160.05 on Monday. The firm has a market capitalization of C$69.69 billion, a PE ratio of 132.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. 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 business’s 50-day moving average is C$144.41 and its two-hundred day moving average is C$126.37. Cameco has a 1 year low of C$49.75 and a 1 year high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%. 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.