Cameco (TSE:CCO) Price Target Raised to C$195.00 at Canaccord Genuity Group

Cameco (TSE:CCO) (NYSE:CCJ) had its price target boosted by research analysts at Canaccord Genuity Group from C$185.00 to C$195.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 16.00% from the company’s current price.

Several other equities analysts have also weighed in on CCO. Royal Bank Of Canada increased their price objective on shares of Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce increased their price objective on shares of Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. Stifel Nicolaus increased their price objective on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. William Blair upgraded shares of Cameco to a “strong-buy” rating in a report on Monday, April 20th. Finally, Raymond James Financial increased their target price on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. One equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of C$176.19.

Cameco Trading Up 7.6%

TSE CCO traded up C$11.86 during trading hours on Wednesday, hitting C$168.10. The company’s stock had a trading volume of 722,170 shares, compared to its average volume of 1,018,123. The stock has a fifty day moving average of C$157.65 and a 200 day moving average of C$145.58. Cameco has a twelve month low of C$66.09 and a twelve month high of C$182.72. The firm has a market capitalization of C$73.21 billion, a P/E ratio of 124.52, a PEG ratio of 2.22 and a beta of 0.76. The company has a quick ratio of 3.74, a current ratio of 2.47 and a debt-to-equity ratio of 14.82.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%. The business had revenue of C$845.37 million for the quarter.

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.