Cameco (TSE:CCO) Stock Rating Upgraded by Barclays

Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) was upgraded by Barclays to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently commented on CCO. Royal Bank Of Canada lifted their target price on Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised their price objective on Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Sanford C. Bernstein upped their target price on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Scotiabank reduced their price target 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus target price of C$174.50.

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Cameco Price Performance

Shares of CCO stock opened at C$144.63 on Thursday. The company has a debt-to-equity ratio of 14.11, a current ratio of 3.08 and a quick ratio of 3.74. The company has a market capitalization of C$62.99 billion, a PE ratio of 97.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The firm’s 50-day moving average is C$155.73 and its two-hundred day moving average is C$147.66. Cameco has a 12 month low of C$76.19 and a 12 month high of C$182.72.

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

About Cameco

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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.

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