Cameco (TSE:CCO) Price Target Raised to C$160.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by Royal Bank Of Canada from C$150.00 to C$160.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on CCO. National Bank Financial boosted their price objective on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Desjardins boosted their target price on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a report on Monday, January 26th. TD Securities increased their price target on shares of Cameco from C$150.00 to C$185.00 in a research note on Thursday, January 22nd. BMO Capital Markets raised their price target on shares of Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. Finally, Canaccord Genuity Group decreased their price objective on Cameco from C$190.00 to C$185.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$172.38.

Cameco Stock Performance

TSE:CCO opened at C$163.11 on Tuesday. The company has a market cap of C$71.04 billion, a P/E ratio of 120.82, a P/E/G ratio of 2.22 and a beta of 1.24. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72. The company’s 50-day moving average price is C$148.53 and its 200-day moving average price is C$128.61. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. The business had revenue of C$1.20 billion 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.