Stifel Nicolaus Boosts Cameco (TSE:CCO) Price Target to C$165.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by investment analysts at Stifel Nicolaus from C$150.00 to C$165.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 12.64% from the stock’s current price.

A number of other research analysts have also recently issued reports on CCO. TD Securities boosted their target price on Cameco from C$118.00 to C$142.00 in a research note on Tuesday, October 21st. Royal Bank Of Canada boosted their target price on Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Desjardins boosted their target price on shares of Cameco from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 1st. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 target price on the stock in a report on Monday, September 22nd. Finally, National Bankshares raised their target price on shares of Cameco from C$130.00 to C$140.00 and gave the company an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$129.99.

Cameco Trading Down 1.6%

Shares of CCO stock opened at C$146.49 on Wednesday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The company has a market capitalization of C$63.78 billion, a P/E ratio of 120.07, a P/E/G ratio of 2.22 and a beta of 1.12. The firm has a 50-day moving average price of C$117.11 and a 200 day moving average price of C$97.89. Cameco has a 12-month low of C$49.75 and a 12-month high of C$153.59.

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.