Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$174.85

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$174.85.

A number of research analysts have weighed in on the stock. Scotiabank cut 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 research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised their price objective on shares of Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. Stifel Nicolaus boosted their price objective on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Berenberg Bank lowered their target price on Cameco from C$201.00 to C$183.00 in a report on Thursday, February 19th.

Cameco Price Performance

Shares of Cameco stock opened at C$156.50 on Wednesday. The company has a market capitalization of C$68.16 billion, a P/E ratio of 115.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74. The business has a 50-day moving average of C$157.92 and a two-hundred day moving average of C$139.61. Cameco has a 1 year low of C$49.75 and a 1 year high of C$182.72.

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