Cameco (TSE:CCO) Price Target Raised to C$165.00 at Stifel Nicolaus

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by Stifel Nicolaus from C$150.00 to C$165.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Raymond James Financial upped their price objective on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective for the company in a research report on Monday, September 22nd. CLSA upgraded shares of Cameco to a “moderate buy” rating in a research report on Tuesday, September 9th. Finally, BMO Capital Markets upped their price objective on shares of Cameco from C$110.00 to C$120.00 in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$129.99.

Cameco Stock Performance

CCO opened at C$148.80 on Wednesday. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a fifty day moving average price of C$116.16 and a 200 day moving average price of C$97.55. Cameco has a 1 year low of C$49.75 and a 1 year high of C$153.59. The stock has a market cap of C$64.79 billion, a P/E ratio of 121.97, a P/E/G ratio of 2.22 and a beta of 1.12.

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.