Analysts Set Cameco Co. (TSE:CCO) PT at C$141.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average recommendation of “Buy” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$141.30.

A number of research firms have weighed in on CCO. Scotiabank lifted their target price on Cameco from C$150.00 to C$155.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. TD Securities raised their price objective on shares of Cameco from C$142.00 to C$150.00 in a research report on Thursday, November 13th. UBS Group raised shares of Cameco to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada lowered their target price on shares of Cameco from C$160.00 to C$150.00 in a research note on Thursday, November 13th. Finally, Raymond James Financial raised their price target on shares of Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th.

Cameco Price Performance

TSE CCO opened at C$162.06 on Friday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The company has a market cap of C$70.56 billion, a PE ratio of 133.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Cameco has a 52 week low of C$49.75 and a 52 week high of C$164.68. The firm’s 50-day simple moving average is C$129.47 and its two-hundred day simple moving average is C$118.89.

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