Cameco (TSE:CCO) Upgraded at Barclays

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by stock analysts at Barclays to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also commented on CCO. Stifel Nicolaus raised their price target on Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Canaccord Genuity Group raised their price target on Cameco from C$185.00 to C$195.00 in a research note on Wednesday, May 6th. Scotiabank cut their price target on 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. Raymond James Financial raised their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, National Bank Financial raised their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of C$174.50.

Cameco Stock Performance

Shares of Cameco stock opened at C$144.63 on Thursday. The firm has a market cap of C$62.99 billion, a P/E ratio of 97.07, a P/E/G ratio of 2.22 and a beta of 0.76. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. Cameco has a 12 month low of C$76.19 and a 12 month high of C$182.72. The stock’s fifty day moving average price is C$155.73 and its 200-day moving average price is C$147.66.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$845.37 million for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.

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.