Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$174.85

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$174.85.

Several research analysts recently weighed in on the stock. Scotiabank reduced their price objective on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Desjardins lifted their price objective on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Berenberg Bank reduced their price objective on shares of Cameco from C$201.00 to C$183.00 in a research note on Thursday, February 19th. William Blair raised shares of Cameco to a “strong-buy” rating in a research note on Monday, April 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th.

Cameco Stock Up 6.8%

Shares of TSE CCO opened at C$166.98 on Friday. The firm has a market capitalization of C$72.73 billion, a PE ratio of 123.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The company has a current ratio of 2.47, a quick ratio of 3.74 and a debt-to-equity ratio of 14.82. Cameco has a 1 year low of C$61.91 and a 1 year high of C$182.72. The firm’s 50-day moving average is C$157.85 and its 200-day moving average is C$145.13.

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

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.