Analysts Set Cameco Co. (TSE:CCO) Price Target at C$172.76

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$174.85.

A number of research firms have recently issued reports on CCO. Sanford C. Bernstein boosted their price objective on Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. TD Securities raised their target price on Cameco from C$150.00 to C$185.00 in a research report on Thursday, January 22nd. Raymond James Financial lifted their price target on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Scotiabank lowered their price target on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Finally, Desjardins increased their price objective on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research note on Monday, January 26th.

Cameco Stock Up 5.9%

CCO stock opened at C$157.75 on Friday. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72. 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 has a market cap of C$68.71 billion, a PE ratio of 116.85, a price-to-earnings-growth ratio of 2.22 and a beta of 0.67. The business’s 50-day simple moving average is C$157.45 and its 200 day simple moving average is C$133.86.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Friday, February 13th. The company reported C$0.50 EPS for the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.The firm had revenue of C$1.20 billion during 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.