Cameco (TSE:CCO) Price Target Raised to C$180.00 at National Bank Financial

Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by equities research analysts at National Bank Financial from C$175.00 to C$180.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 7.08% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their price target on shares of Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada upped their price target on shares of Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Canaccord Genuity Group upped their price target on shares of Cameco from C$185.00 to C$195.00 in a research note on Wednesday. Sanford C. Bernstein upped their price target on shares of Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Finally, Desjardins upped their price target on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$176.19.

Cameco Stock Up 7.6%

Shares of CCO stock traded up C$11.86 during mid-day trading on Wednesday, reaching C$168.10. 722,170 shares of the company’s stock traded hands, compared to its average volume of 1,018,123. Cameco has a 12 month low of C$66.09 and a 12 month high of C$182.72. The company has a market cap of C$73.21 billion, a P/E ratio of 124.52, a P/E/G ratio of 2.22 and a beta of 0.76. The company has a quick ratio of 3.74, a current ratio of 2.47 and a debt-to-equity ratio of 14.82. The company’s 50-day moving average price is C$157.65 and its 200-day moving average price is C$145.58.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%. The firm had revenue of C$845.37 million for the quarter.

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.