Cameco (TSE:CCO) Price Target Raised to C$201.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by Sanford C. Bernstein from C$139.00 to C$201.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. UBS Group raised Cameco to a “hold” rating in a research report on Monday, November 10th. Scotiabank boosted their price objective on Cameco from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Raymond James Financial upped their price objective on shares of Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Desjardins lifted their target price on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Bank of America upped their price target on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of C$156.84.

Cameco Trading Up 3.7%

Shares of TSE:CCO opened at C$155.18 on Thursday. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market capitalization of C$67.57 billion, a price-to-earnings ratio of 128.25, a PEG 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 50 day moving average price of C$142.85 and a 200 day moving average price of C$125.50.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. The company had revenue of C$614.56 million during the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.

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.