Cameco (TSE:CCO) Given New C$180.00 Price Target at Raymond James Financial

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lifted by Raymond James Financial from C$175.00 to C$180.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on CCO. TD Securities increased their target price on Cameco from C$150.00 to C$185.00 in a report on Thursday, January 22nd. National Bank Financial upped their price objective on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Berenberg Bank cut their target price on Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. Scotiabank lowered their price target on Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada increased their price target on shares of Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$172.76.

Cameco Stock Down 6.3%

Shares of TSE:CCO opened at C$161.02 on Tuesday. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$182.72. The firm’s 50 day moving average price is C$155.10 and its 200 day moving average price is C$132.30. The company has a quick ratio of 3.74, a current ratio of 2.47 and a debt-to-equity ratio of 14.82. The stock has a market cap of C$70.13 billion, a price-to-earnings ratio of 119.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

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