Cameco (TSE:CCO) Price Target Raised to C$180.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by Stifel Nicolaus from C$165.00 to C$180.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently issued reports on CCO. Sanford C. Bernstein upped their price objective on shares of Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Scotiabank boosted their price target on Cameco from C$150.00 to C$155.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Raymond James Financial increased their price target on Cameco from C$165.00 to C$180.00 in a research note on Monday, February 9th. TD Securities lifted their price objective on Cameco from C$150.00 to C$185.00 in a research report on Thursday, January 22nd. Finally, Bank of America upped their target price on Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$160.30.

Cameco Stock Down 2.8%

CCO opened at C$153.94 on Wednesday. The firm has a market cap of C$67.03 billion, a P/E ratio of 127.22, a PEG ratio of 2.22 and a beta of 1.24. The business’s fifty day simple moving average is C$146.24 and its 200 day simple moving average is C$127.15. Cameco has a 52 week low of C$49.75 and a 52 week high of C$182.72. 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 (TSE:CCO) (NYSE:CCJ) last released its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%. The company had revenue of C$1.20 billion for the quarter.

Cameco Company Profile

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.