Cameco (TSE:CCO) Price Target Raised to C$175.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective upped by Scotia from C$150.00 to C$175.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a sector outperform rating on the stock.

CCO has been the subject of several other research reports. Stifel Nicolaus increased their price objective on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. William Blair upgraded Cameco to a “strong-buy” rating in a research report on Monday, April 20th. Canaccord Genuity Group raised their price target on Cameco from C$185.00 to C$195.00 in a research report on Wednesday. Raymond James Financial raised their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Finally, National Bank Financial raised their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of C$176.19.

Cameco Trading Down 1.3%

TSE:CCO opened at C$159.98 on Wednesday. The stock has a fifty day moving average price of C$157.70 and a two-hundred day moving average price of C$146.15. The stock has a market capitalization of C$69.68 billion, a price-to-earnings ratio of 107.37, a PEG ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. Cameco has a 1 year low of C$67.96 and a 1 year high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The firm had revenue of C$845.37 million during the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.

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.