Analysts Set Cameco Co. (TSE:CCO) Price Target at C$159.15

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received an average rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$160.30.

A number of research firms have recently commented on CCO. National Bank Financial increased their price target on shares of Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Desjardins upped their price objective on Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Bank of America lifted their target price on Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stifel Nicolaus boosted their price target on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Scotiabank increased their price objective on Cameco from C$150.00 to C$155.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th.

Cameco Price Performance

CCO opened at C$158.43 on Tuesday. The stock has a 50-day moving average price of C$145.69 and a 200-day moving average price of C$126.84. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a market cap of C$68.98 billion, a PE ratio of 130.93, a P/E/G ratio of 2.22 and a beta of 1.24. Cameco has a 1 year low of C$49.75 and a 1 year high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data 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 net margin of 4.17% and a return on equity of 1.89%.

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.