Cameco (TSE:CCO) Price Target Raised to C$160.00 at Royal Bank Of Canada

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by Royal Bank Of Canada from C$150.00 to C$160.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

CCO has been the subject of several other reports. UBS Group raised Cameco to a “hold” rating in a report on Monday, November 10th. BMO Capital Markets lifted their target price on shares of Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. National Bank Financial increased their price target on shares of Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. TD Securities lifted their price objective on Cameco from C$150.00 to C$185.00 in a report on Thursday, January 22nd. Finally, Stifel Nicolaus increased their target price on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of C$165.69.

Cameco Price Performance

Shares of CCO opened at C$154.06 on Tuesday. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$182.72. The firm has a 50-day simple moving average of C$147.30 and a 200-day simple moving average of C$128.15. The company has a market capitalization of C$67.08 billion, a price-to-earnings ratio of 127.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.50 EPS for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The firm had revenue of C$1.20 billion during 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.