Stifel Nicolaus Raises Cameco (TSE:CCO) Price Target to C$150.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by Stifel Nicolaus from C$115.00 to C$150.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 28.37% from the company’s current price.

Other research analysts also recently issued reports about the stock. Bank of America upped their price target on shares of Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th. National Bankshares increased their price objective on shares of Cameco from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, August 22nd. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a research report on Monday, September 22nd. BMO Capital Markets increased their price objective on shares of Cameco from C$110.00 to C$120.00 in a research report on Friday, August 29th. Finally, Royal Bank Of Canada increased their price objective on shares of Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat, Cameco has a consensus rating of “Buy” and an average price target of C$119.61.

Cameco Stock Up 0.7%

Shares of CCO opened at C$116.85 on Tuesday. The firm has a 50 day simple moving average of C$113.20 and a two-hundred day simple moving average of C$94.26. The company has a market cap of C$50.87 billion, a P/E ratio of 95.78, a P/E/G ratio of 2.22 and a beta of 1.12. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a one year low of C$49.75 and a one year high of C$137.30.

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.