Cameco (TSE:CCO) Price Target Raised to C$185.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by Desjardins from C$160.00 to C$185.00 in a research note issued to investors on Monday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. National Bankshares lifted their target price on Cameco from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Bank of America raised their price target on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada dropped their price objective on shares of Cameco from C$160.00 to C$150.00 in a research note on Thursday, November 13th. Raymond James Financial increased their target price on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus lifted their price target on shares of Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$149.76.

Cameco Stock Up 6.2%

Cameco stock opened at C$181.66 on Monday. The company’s 50-day moving average price is C$136.76 and its two-hundred day moving average price is C$122.64. 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 stock has a market cap of C$79.10 billion, a P/E ratio of 150.13, a P/E/G ratio of 2.22 and a beta of 1.19. Cameco has a twelve month low of C$49.75 and a twelve month high of C$181.86.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$614.56 million for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.

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.