Cameco (TSE:CCO) Price Target Raised to C$190.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price hoisted by Desjardins from C$185.00 to C$190.00 in a report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on CCO. National Bank Financial increased their price target on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James Financial increased their price target on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada increased their price target on shares of Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Canaccord Genuity Group increased their price target on shares of Cameco from C$185.00 to C$195.00 in a report on Wednesday. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$176.19.

Cameco Stock Performance

CCO opened at C$159.98 on Wednesday. Cameco has a 52-week low of C$67.96 and a 52-week high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11. The company has a market cap of C$69.68 billion, a P/E ratio of 107.37, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The firm’s 50-day moving average price is C$157.70 and its 200-day moving average price is C$146.15.

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

Cameco Company Profile

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.