Cameco (TSE:CCO) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by Royal Bank Of Canada from C$150.00 to C$160.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 0.30% from the stock’s previous close.

CCO has been the topic of a number of other reports. Canaccord Genuity Group cut their price target on Cameco from C$190.00 to C$185.00 in a report on Tuesday. Sanford C. Bernstein lifted their target price on Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. National Bank Financial boosted their target price on shares of Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Raymond James Financial increased their price target on shares of Cameco from C$165.00 to C$180.00 in a research report on Monday, February 9th. Finally, Scotiabank cut their price objective on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus target price of C$165.69.

Cameco Trading Up 3.5%

TSE:CCO opened at C$159.52 on Tuesday. The firm has a 50-day simple moving average of C$147.90 and a 200-day simple moving average of C$128.37. Cameco has a one year low of C$49.75 and a one year high of C$182.72. The firm has a market cap of C$69.48 billion, a P/E ratio of 118.16, a P/E/G ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%.

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.