Brokerages Set Cameco Co. (TSE:CCO) PT at C$159.15

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$160.30.

Several research firms have recently issued reports on CCO. BMO Capital Markets upped their price objective on shares of Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. TD Securities upped their price target on shares of Cameco from C$150.00 to C$185.00 in a research note on Thursday, January 22nd. Raymond James Financial raised their price target on shares of Cameco from C$165.00 to C$180.00 in a report on Monday, February 9th. Desjardins boosted their price objective on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada cut their target price on Cameco from C$160.00 to C$150.00 in a research report on Thursday, November 13th.

Cameco Price Performance

Shares of CCO opened at C$153.94 on Tuesday. The company has a 50 day moving average of C$146.80 and a two-hundred day moving average of C$127.77. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72. The company has a market cap of C$67.03 billion, a price-to-earnings ratio of 127.22, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.50 EPS for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The firm had revenue of C$1.20 billion during the quarter.

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.