Cameco (TSE:CCO) Given New C$201.00 Price Target at Sanford C. Bernstein

Cameco (TSE:CCO) (NYSE:CCJ) had its target price increased by Sanford C. Bernstein from C$139.00 to C$201.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

CCO has been the subject of several other reports. UBS Group upgraded Cameco to a “hold” rating in a report on Monday, November 10th. Scotiabank upped their price target on Cameco from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Desjardins increased their price objective on Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research report on Monday, January 26th. BMO Capital Markets boosted their target price on shares of Cameco from C$130.00 to C$160.00 in a research report on Tuesday, November 4th. Finally, Bank of America increased their price target on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One 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, the company currently has a consensus rating of “Buy” and an average target price of C$154.53.

Cameco Stock Performance

Shares of CCO opened at C$149.65 on Thursday. The company’s fifty day moving average is C$142.23 and its 200-day moving average is C$125.02. Cameco has a 12 month low of C$49.75 and a 12 month high of C$182.72. The firm has a market cap of C$65.16 billion, a price-to-earnings ratio of 123.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

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

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.