Cameco (TSE:CCO) Price Target Raised to C$180.00 at National Bank Financial

Cameco (TSE:CCO) (NYSE:CCJ) had its target price increased by National Bank Financial from C$175.00 to C$180.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. Sanford C. Bernstein lifted their price target on Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. William Blair raised Cameco to a “strong-buy” rating in a research note on Monday, April 20th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Berenberg Bank reduced their price objective on shares of Cameco from C$201.00 to C$183.00 in a research note on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$176.19.

Cameco Stock Up 8.0%

CCO stock opened at C$168.75 on Wednesday. The firm has a 50-day moving average price of C$157.78 and a 200-day moving average price of C$145.86. Cameco has a 12 month low of C$66.09 and a 12 month high of C$182.72. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. The stock has a market capitalization of C$73.50 billion, a P/E ratio of 125.00, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The company had revenue of C$845.37 million for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%.

Cameco News Summary

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Canaccord raised its price target from C$185 to C$195, signaling additional upside versus recent levels. Canaccord target raise
• Positive Sentiment: Desjardins boosted its target to C$190 and holds a “buy” rating, supporting bullish analyst sentiment. Desjardins target raise
• Positive Sentiment: Scotia raised its target to C$175 and moved to “sector outperform,” indicating improved peer/sector outlook for Cameco. Scotia target raise
• Positive Sentiment: National Bank Financial increased its target to C$180 and reiterated an “outperform” rating, adding to the cluster of upward revisions. National Bank target raise TickerReport
• Positive Sentiment: Cameco reported Q1 results showing profit and revenue up year‑over‑year (C$0.47 EPS; C$845.4M revenue), reflecting solid operational execution. Q1 results article
• Positive Sentiment: Cameco reported realized uranium prices climbed to about US$66/lb in Q1, supporting revenue and margin upside if sustained. Realized price article
• Neutral Sentiment: The company kept its annual guidance unchanged, which limits downside from guidance cuts but stops short of providing upside revision. Guidance unchanged

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.