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

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lifted by National Bank Financial from C$175.00 to C$180.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Raymond James Financial lifted their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Canaccord Genuity Group lifted their price objective on shares of Cameco from C$185.00 to C$195.00 in a research note on Wednesday. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. Finally, Berenberg Bank dropped their price objective on shares of Cameco from C$201.00 to C$183.00 in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$176.19.

Cameco Trading Down 1.3%

Shares of CCO opened at C$159.98 on Wednesday. The company’s fifty day moving average is C$157.70 and its 200 day moving average is C$146.15. Cameco has a fifty-two week low of C$67.96 and a fifty-two week high of C$182.72. The stock has a market capitalization of C$69.68 billion, a PE ratio of 107.37, a P/E/G ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The company had revenue of C$845.37 million 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.