Cameco (TSE:CCO) Given New C$180.00 Price Target at Stifel Nicolaus

Cameco (TSE:CCO) (NYSE:CCJ) had its price target increased by Stifel Nicolaus from C$165.00 to C$180.00 in a report issued on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CCO has been the topic of a number of other reports. UBS Group raised Cameco to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada dropped their price target on Cameco from C$160.00 to C$150.00 in a research note on Thursday, November 13th. Bank of America raised their price objective 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. TD Securities lifted their price objective on shares of Cameco from C$150.00 to C$185.00 in a research note on Thursday, January 22nd. Finally, Scotiabank increased their target price on shares of Cameco from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$160.30.

Cameco Price Performance

Cameco stock opened at C$161.70 on Wednesday. The stock’s 50 day moving average is C$145.15 and its 200 day moving average is C$126.62. Cameco has a one year low of C$49.75 and a one year high of C$182.72. The firm has a market cap of C$70.41 billion, a P/E ratio of 133.64, a P/E/G ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Wednesday, November 5th. The company reported C$0.07 earnings per share for the quarter. The business had revenue of C$614.56 million during 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.