National Bank Financial Reiterates C$185.00 Price Target for Cameco (TSE:CCO)

by · The Markets Daily

Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) has been given a C$185.00 target price by equities research analysts at National Bank Financial in a research note issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 47.68% from the stock’s previous close.

A number of other equities research analysts have also issued reports on CCO. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price for the company in a research note on Monday, July 27th. Truist Financial upgraded Cameco to a “strong-buy” rating in a report on Monday, July 13th. TD set a C$190.00 target price on Cameco and gave the company a “buy” rating in a research note on Thursday, September 24th. Barclays dropped their target price on Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada set a C$184.00 price target on Cameco and gave the company an “outperform” rating in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of C$179.89.

Read Our Latest Analysis on CCO

Cameco Stock Up 3.2%

Shares of CCO traded up C$3.87 during trading hours on Monday, reaching C$125.27. The company’s stock had a trading volume of 508,706 shares, compared to its average volume of 1,003,244. The company has a 50 day moving average of C$132.33 and a two-hundred day moving average of C$143.17. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. The firm has a market cap of C$54.56 billion, a price-to-earnings ratio of 154.65, a P/E/G ratio of 2.22 and a beta of 0.94. Cameco has a 1-year low of C$109.89 and a 1-year high of C$182.72.

Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last posted its quarterly earnings results on Friday, July 31st. The company reported C$0.18 EPS for the quarter. The business had revenue of C$813.77 million during the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%.

About Cameco

(Get Free Report)

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.

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