Cameco (TSE:CCO) Price Target Raised to C$160.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lifted by BMO Capital Markets from C$130.00 to C$160.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

CCO has been the subject of several other research reports. Raymond James Financial raised their target price on Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Stifel Nicolaus lifted their price objective on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Bank of America boosted their target price on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. TD Securities upped their target price on shares of Cameco from C$118.00 to C$142.00 in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Cameco from C$110.00 to C$160.00 in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$137.30.

Cameco Stock Performance

TSE:CCO opened at C$127.47 on Tuesday. The firm has a market capitalization of C$55.50 billion, a PE ratio of 104.48, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. 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 has a 12-month low of C$49.75 and a 12-month high of C$153.59. The firm has a 50-day moving average price of C$120.27 and a 200 day moving average price of C$100.66.

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.