Cameco (TSE:CCO) Price Target Raised to C$185.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective upped by TD Securities from C$150.00 to C$185.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

A number of other research firms also recently weighed in on CCO. BMO Capital Markets lifted their price target on shares of Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. Raymond James Financial raised their price objective on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Bank of America lifted 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. Royal Bank Of Canada dropped their price target on shares of Cameco from C$160.00 to C$150.00 in a research report on Thursday, November 13th. Finally, National Bankshares lifted their price objective on Cameco from C$140.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$143.99.

Cameco Trading Up 1.2%

Shares of CCO opened at C$169.89 on Thursday. The stock’s 50-day moving average price is C$133.47 and its 200 day moving average price is C$121.07. 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 firm has a market capitalization of C$73.97 billion, a price-to-earnings ratio of 140.40, a P/E/G ratio of 2.22 and a beta of 1.19. Cameco has a 12-month low of C$49.75 and a 12-month high of C$174.25.

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%.

About Cameco

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.