Barclays Reiterates “C$149.00” Price Target for Cameco (TSE:CCO)

Cameco (TSE:CCO) (NYSE:CCJ) received a C$149.00 price objective from research analysts at Barclays in a report released on Friday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 2.15% from the stock’s previous close.

CCO has been the subject of several other reports. National Bank Financial boosted their target price on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their target price on shares of Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Berenberg Bank decreased their target price on shares of Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. Desjardins upped their target price on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their target price on Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and a consensus price target of C$174.50.

Cameco Stock Up 0.5%

TSE:CCO traded up C$0.74 on Friday, hitting C$145.87. 290,469 shares of the company’s stock traded hands, compared to its average volume of 1,005,640. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. Cameco has a 1 year low of C$76.19 and a 1 year high of C$182.72. The firm has a 50-day moving average price of C$155.97 and a 200-day moving average price of C$147.68. The company has a market cap of C$63.53 billion, a PE ratio of 97.90, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.The company 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.