Cameco (TSE:CCO) Given a C$150.00 Price Target at BMO Capital Markets

Cameco (TSE:CCO) (NYSE:CCJ) has been given a C$150.00 price objective by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets‘s price objective would suggest a potential upside of 48.34% from the stock’s current price.

Several other equities research analysts have also recently commented on CCO. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective on the stock in a research report on Monday, July 27th. Barclays lowered their target price on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Truist Financial raised Cameco to a “strong-buy” rating in a research note on Monday, July 13th. National Bank Financial dropped their price target on Cameco from C$184.00 to C$178.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group set a C$190.00 price target on Cameco and gave the company a “buy” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of C$179.18.

Cameco Stock Down 1.3%

CCO traded down C$1.38 during trading on Tuesday, reaching C$101.12. The company had a trading volume of 687,365 shares, compared to its average volume of 1,032,265. The company has a debt-to-equity ratio of 13.95, a current ratio of 2.55 and a quick ratio of 3.74. Cameco has a 12 month low of C$100.82 and a 12 month high of C$182.72. The business’s fifty day moving average price is C$126.34 and its 200 day moving average price is C$144.29. The company has a market cap of C$44.04 billion, a P/E ratio of 111.12, a PEG ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Friday, October 30th. The company reported C($0.01) earnings per share for the quarter. Cameco had a net margin of 11.43% and a return on equity of 5.61%. The company had revenue of C$619.06 million during the quarter.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.