Stifel Nicolaus Raises Cameco (TSE:CCO) Price Target to C$180.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price raised by analysts at Stifel Nicolaus from C$165.00 to C$180.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 13.61% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of Cameco from C$130.00 to C$160.00 in a research report on Tuesday, November 4th. Raymond James Financial upped their target price on Cameco from C$165.00 to C$180.00 in a research report on Monday. Sanford C. Bernstein raised their target price on Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Scotiabank boosted their price target on Cameco from C$150.00 to C$155.00 and gave the company an “outperform” rating in a research note 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 report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$160.30.

Cameco Stock Performance

Shares of CCO stock opened at C$158.43 on Wednesday. The stock has a market capitalization of C$68.98 billion, a PE ratio of 130.93, a PEG ratio of 2.22 and a beta of 1.24. The business’s 50 day simple moving average is C$145.69 and its 200 day simple moving average is C$126.84. 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$182.72.

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

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. 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.