Cameco Co. (TSE:CCO – Get Free Report) (NYSE:CCJ) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$174.50.
CCO has been the topic of several recent research reports. National Bank Financial increased their target price on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Canaccord Genuity Group increased their price target on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. Sanford C. Bernstein increased their price target on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Stifel Nicolaus increased their price target on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Desjardins increased their price target on shares of Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th.
View Our Latest Stock Report on Cameco
Cameco Price Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last released its earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The company had revenue of C$845.37 million for the quarter.
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.
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