Cameco (TSE:CCO) Given New C$145.00 Price Target at National Bankshares

Cameco (TSE:CCO) (NYSE:CCJ) had its price target increased by National Bankshares from C$140.00 to C$145.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on CCO. Canaccord Genuity Group upped their price objective on shares of Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 target price for the company in a research report on Monday, September 22nd. BMO Capital Markets raised their price target on Cameco from C$130.00 to C$160.00 in a research note on Tuesday. Stifel Nicolaus boosted their price objective on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Scotiabank raised their target price on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, Cameco has an average rating of “Buy” and a consensus target price of C$137.30.

Cameco Stock Down 5.2%

Shares of TSE:CCO opened at C$127.47 on Thursday. The company has a market capitalization of C$55.50 billion, a PE ratio of 104.48, a P/E/G ratio of 2.22 and a beta of 1.28. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a twelve month low of C$49.75 and a twelve month high of C$153.59. The firm has a 50 day simple moving average of C$120.27 and a 200-day simple moving average of C$100.66.

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.