National Bank Financial Raises Cameco (TSE:CCO) Price Target to C$175.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by stock analysts at National Bank Financial from C$170.00 to C$175.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 5.91% from the company’s previous close.

CCO has been the topic of several other reports. Stifel Nicolaus increased their price target on shares of Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Desjardins increased their price target on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Raymond James Financial increased their price target on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$174.85.

Cameco Stock Up 0.2%

CCO opened at C$165.24 on Friday. The company has a current ratio of 2.47, a quick ratio of 3.74 and a debt-to-equity ratio of 14.82. Cameco has a 1-year low of C$53.89 and a 1-year high of C$182.72. The company has a market capitalization of C$71.97 billion, a PE ratio of 122.40, a PEG ratio of 2.22 and a beta of 0.76. The firm’s 50 day simple moving average is C$156.65 and its two-hundred day simple moving average is C$142.42.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%. The business had revenue of C$1.20 billion for 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.