Cameco (TSE:CCO) Upgraded at Barclays

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by equities research analysts at Barclays to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

CCO has been the topic of several other research reports. Canaccord Genuity Group increased their price target on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. National Bank Financial increased their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Desjardins increased their price target on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce lifted their target price on Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Finally, Berenberg Bank decreased their target price on Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$174.50.

Cameco Stock Performance

TSE:CCO opened at C$144.63 on Thursday. The stock’s fifty day moving average is C$155.73 and its 200 day moving average is C$147.66. Cameco has a fifty-two week low of C$76.19 and a fifty-two week high of C$182.72. The firm has a market capitalization of C$62.99 billion, a PE ratio of 97.07, a PEG ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08.

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