Cameco (TSE:CCO) Price Target Raised to C$202.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by Canadian Imperial Bank of Commerce from C$115.00 to C$202.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the stock. Scotiabank lowered their price target on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Sanford C. Bernstein lifted their price objective on shares of Cameco from C$139.00 to C$201.00 in a report on Thursday, February 5th. TD Securities boosted their price objective on shares of Cameco from C$150.00 to C$185.00 in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their target price on Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus increased their target price on Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$174.85.

Cameco Stock Performance

Shares of Cameco stock opened at C$156.74 on Monday. The company has a current ratio of 2.47, a quick ratio of 3.74 and a debt-to-equity ratio of 14.82. The stock’s fifty day moving average price is C$158.83 and its 200-day moving average price is C$134.43. The firm has a market cap of C$68.27 billion, a P/E ratio of 116.10, a P/E/G ratio of 2.22 and a beta of 0.67. Cameco has a 12 month low of C$49.75 and a 12 month high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%. The company had revenue of C$1.20 billion during 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.