TD Securities Increases Cameco (TSE:CCO) Price Target to C$150.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by investment analysts at TD Securities from C$142.00 to C$150.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 23.97% from the stock’s previous close.

Several other research firms have also issued reports on CCO. Canaccord Genuity Group raised their price target on shares of Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. UBS Group raised shares of Cameco to a “hold” rating in a research report on Monday. Desjardins boosted their price target on Cameco from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Bank of America lifted their price target on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their price target on Cameco from C$110.00 to C$160.00 in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$141.08.

Cameco Stock Performance

Cameco stock traded down C$8.68 during midday trading on Thursday, reaching C$121.00. 848,285 shares of the stock traded hands, compared to its average volume of 1,243,320. The firm has a fifty day moving average price of C$122.23 and a two-hundred day moving average price of C$102.97. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$153.59. The firm has a market cap of C$52.68 billion, a price-to-earnings ratio of 100.00, a PEG 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 (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.00 earnings per share for the quarter. The company had revenue of C$614.56 million during the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%.

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.