Cameco (TSE:CCO) Price Target Raised to C$155.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by Scotiabank from C$150.00 to C$155.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also weighed in on CCO. National Bankshares increased their target price on Cameco from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. BMO Capital Markets upped their price target on Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. Bank of America raised their price objective on Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stifel Nicolaus lifted their price objective on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, TD Securities increased their target price on shares of Cameco from C$142.00 to C$150.00 in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$141.30.

Cameco Price Performance

CCO opened at C$149.64 on Thursday. Cameco has a 1 year low of C$49.75 and a 1 year high of C$158.85. The company’s 50 day simple moving average is C$127.35 and its 200 day simple moving average is C$116.83. The stock has a market capitalization of C$65.15 billion, a PE ratio of 123.67, a P/E/G ratio of 2.22 and a beta of 1.19. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

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

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.