Stifel Nicolaus Boosts Cameco (TSE:CCO) Price Target to C$180.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lifted by analysts at Stifel Nicolaus from C$165.00 to C$180.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.10% from the stock’s previous close.

A number of other research firms also recently commented on CCO. Bank of America increased their target price 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. National Bankshares lifted their target price on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada decreased their target price on Cameco from C$160.00 to C$150.00 in a research report on Thursday, November 13th. TD Securities lifted their price target on Cameco from C$150.00 to C$185.00 in a research report on Thursday, January 22nd. Finally, Raymond James Financial increased their price objective on Cameco from C$165.00 to C$180.00 in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of C$160.30.

Cameco Stock Up 1.2%

TSE CCO traded up C$1.96 on Wednesday, hitting C$162.01. 540,203 shares of the stock were exchanged, compared to its average volume of 1,180,116. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$182.72. The company has a 50-day moving average price of C$144.41 and a 200-day moving average price of C$126.37. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The company has a market cap of C$70.54 billion, a PE ratio of 133.89, a PEG ratio of 2.22 and a beta of 1.24.

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

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.