Cameco (TSE:CCO) Price Target Raised to C$150.00 at Stifel Nicolaus

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by Stifel Nicolaus from C$115.00 to C$150.00 in a research report released on Tuesday morning,BayStreet.CA reports.

CCO has been the subject of several other reports. Scotiabank upped their target price on Cameco from C$110.00 to C$130.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Raymond James Financial upped their target price on Cameco from C$115.00 to C$120.00 in a report on Thursday, August 21st. Canaccord Genuity Group upped their target price on Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 target price for the company in a report on Monday, September 22nd. Finally, BMO Capital Markets upped their target price on Cameco from C$110.00 to C$120.00 in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$119.61.

Cameco Trading Down 3.8%

Shares of Cameco stock opened at C$115.99 on Tuesday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$50.50 billion, a price-to-earnings ratio of 95.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The business has a fifty day simple moving average of C$112.95 and a 200-day simple moving average of C$94.11. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$137.30.

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.