National Bank Financial Analysts Give Cameco (TSE:CCO) a C$185.00 Price Target

National Bank Financial set a C$185.00 target price on Cameco (TSE:CCO) (NYSE:CCJ) in a research note released on Monday,BayStreet reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on CCO. Royal Bank Of Canada set a C$184.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research report on Thursday, September 24th. 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 shares of Cameco to a “strong-buy” rating in a research report on Monday, July 13th. Barclays lowered their price objective on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Finally, TD set a C$190.00 price objective on Cameco and gave the stock a “buy” rating in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of C$179.89.

Cameco Stock Performance

Shares of CCO stock opened at C$126.96 on Monday. The company has a current ratio of 3.06, a quick ratio of 3.74 and a debt-to-equity ratio of 14.14. Cameco has a 12-month low of C$109.89 and a 12-month high of C$182.72. The business’s 50 day moving average is C$132.66 and its two-hundred day moving average is C$142.71. The company has a market capitalization of C$55.30 billion, a P/E ratio of 156.74, a P/E/G ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data 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 return on equity of 5.09% and a net margin of 10.21%.

About Cameco

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.