Cameco (TSE:CCO) Price Target Raised to C$180.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lifted by Raymond James Financial from C$175.00 to C$180.00 in a research note published on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Desjardins raised their target price on Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group raised shares of Cameco to a “hold” rating in a research report on Monday, November 10th. National Bank Financial lifted their price objective on shares of Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Scotiabank decreased their target price on Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Stifel Nicolaus boosted their target price on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$172.76.

Cameco Price Performance

Shares of CCO opened at C$156.18 on Tuesday. The firm has a 50-day simple moving average of C$156.41 and a two-hundred day simple moving average of C$132.68. The stock has a market cap of C$68.02 billion, a PE ratio of 115.69, a P/E/G ratio of 2.22 and a beta of 1.24. Cameco has a 1-year low of C$49.75 and a 1-year high of C$182.72. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share 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$1.20 billion during 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.