Barclays Reiterates “C$149.00” Price Target for Cameco (TSE:CCO)

Cameco (TSE:CCO) (NYSE:CCJ) received a C$149.00 price target from equities research analysts at Barclays in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 2.15% from the stock’s previous close.

CCO has been the topic of several other reports. Scotiabank dropped 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 report on Tuesday, February 17th. National Bank Financial boosted their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Desjardins boosted their price objective on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Sanford C. Bernstein boosted their price objective on Cameco from C$139.00 to C$201.00 in a report on Thursday, February 5th. Finally, Scotia boosted their price objective on Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$174.50.

Cameco Price Performance

Cameco stock traded up C$0.74 during midday trading on Friday, hitting C$145.87. The company’s stock had a trading volume of 290,469 shares, compared to its average volume of 1,005,640. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11. The stock’s 50-day moving average price is C$155.97 and its 200-day moving average price is C$147.68. Cameco has a 12 month low of C$76.19 and a 12 month high of C$182.72. The company has a market capitalization of C$63.53 billion, a PE ratio of 97.90, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. 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.