Cameco (TSE:CCO) Given New C$140.00 Price Target at National Bankshares

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by National Bankshares from C$130.00 to C$140.00 in a report issued on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Scotiabank lifted their target price on Cameco from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. TD Securities lifted their target price on Cameco from C$118.00 to C$142.00 in a research report on Tuesday, October 21st. Canaccord Genuity Group lifted their target price on Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Bank of America lifted their target price on Cameco from C$110.00 to C$130.00 in a research report on Friday, August 29th. Finally, Royal Bank Of Canada lifted their target price on Cameco from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of C$129.99.

Cameco Stock Performance

CCO opened at C$148.80 on Wednesday. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The business’s 50-day moving average price is C$116.16 and its two-hundred day moving average price is C$97.55. The company has a market capitalization of C$64.79 billion, a price-to-earnings ratio of 121.97, a P/E/G ratio of 2.22 and a beta of 1.12. Cameco has a 1 year low of C$49.75 and a 1 year high of C$153.59.

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.