Cameco (TSE:CCO) Raised to “Strong-Buy” at William Blair

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by investment analysts at William Blair to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also recently commented on CCO. National Bank Financial boosted their price target on shares of Cameco from C$170.00 to C$175.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Canaccord Genuity Group decreased their price objective on shares of Cameco from C$190.00 to C$185.00 in a report on Tuesday, February 17th. Raymond James Financial upped their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein boosted their target price on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Finally, Scotiabank cut their target price on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$174.85.

Cameco Price Performance

TSE CCO opened at C$159.43 on Monday. The stock has a market capitalization of C$69.44 billion, a P/E ratio of 118.10, a P/E/G ratio of 2.22 and a beta of 0.76. Cameco has a 1 year low of C$55.24 and a 1 year high of C$182.72. The business’s fifty day moving average is C$156.74 and its two-hundred day moving average is C$143.26. The company has a debt-to-equity ratio of 14.82, a quick ratio of 3.74 and a current ratio of 2.47.

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