Royal Bank Of Canada Raises Cameco (TSE:CCO) Price Target to C$175.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by stock analysts at Royal Bank Of Canada from C$160.00 to C$175.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 18.83% from the company’s current price.

CCO has been the topic of several other reports. Scotia lifted their target price on Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Raymond James Financial lifted their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Canadian Imperial Bank of Commerce upped their target price on Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. National Bank Financial raised 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, May 6th. Finally, Canaccord Genuity Group boosted their price target on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$175.43.

Cameco Price Performance

TSE CCO traded down C$0.70 during trading on Monday, hitting C$147.27. 407,111 shares of the company’s stock were exchanged, compared to its average volume of 996,952. The company has a market cap of C$64.14 billion, a PE ratio of 98.84, a P/E/G ratio of 2.22 and a beta of 0.81. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. Cameco has a fifty-two week low of C$94.96 and a fifty-two week high of C$182.72. The stock’s 50 day moving average price is C$154.34 and its two-hundred day moving average price is C$152.17.

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 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.