Cameco (TSE:CCO) Price Target Raised to C$185.00 at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by TD Securities from C$150.00 to C$185.00 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the stock. UBS Group upgraded shares of Cameco to a “hold” rating in a research note on Monday, November 10th. Stifel Nicolaus raised their price objective on shares of Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein decreased their price objective on shares of Cameco from C$141.00 to C$139.00 in a research report on Thursday, January 8th. Scotiabank increased their target price on Cameco from C$150.00 to C$155.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada cut their price target on Cameco from C$160.00 to C$150.00 in a research note on Thursday, November 13th. One investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$143.99.

Cameco Trading Down 0.8%

CCO opened at C$167.87 on Thursday. The business has a fifty day moving average price of C$132.45 and a 200 day moving average price of C$120.45. 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 12 month low of C$49.75 and a 12 month high of C$174.25. The stock has a market capitalization of C$73.09 billion, a price-to-earnings ratio of 138.74, a PEG ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 earnings per share (EPS) for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The business had revenue of C$614.56 million 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.