Cameco (TSE:CCO) Given a C$150.00 Price Target by BMO Capital Markets Analysts

Key Points

• BMO Capital Markets assigned Cameco a C$150 price target and an “outperform” rating, implying 48.34% upside from the previous close.
• Analyst sentiment remains positive overall: Cameco has an average “Buy” rating and a consensus price target of C$179.18, though some firms recently lowered their targets.
• Cameco shares fell 1.3% to C$101.12, near their 12-month low of C$100.82. The company reported quarterly revenue of C$619.06 million and a loss of C$0.01 per share.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ has been assigned a C$150.00 price target by investment analysts at BMO Capital Markets in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets's price objective would indicate a potential upside of 48.34% from the stock's previous close.

Several other research firms have also issued reports on CCO. Truist Financial upgraded Cameco to a "strong-buy" rating in a research 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. Jefferies Financial Group set a C$190.00 target price on Cameco and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Barclays lowered their price target on Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Finally, National Bank Financial reduced their price objective on shares of Cameco from C$184.00 to C$178.00 and set an "outperform" rating on the stock in a research note on Monday. Two investment 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$179.18.

Cameco Trading Down 1.3%

CCO stock traded down C$1.38 during trading on Tuesday, hitting C$101.12. The company had a trading volume of 687,365 shares, compared to its average volume of 1,032,265. The company has a quick ratio of 3.74, a current ratio of 2.55 and a debt-to-equity ratio of 13.95. The firm has a 50-day moving average price of C$126.34 and a 200-day moving average price of C$144.29. Cameco has a 12 month low of C$100.82 and a 12 month high of C$182.72. The stock has a market cap of C$44.04 billion, a price-to-earnings ratio of 111.12, a PEG ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its quarterly earnings results on Friday, October 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$619.06 million for the quarter. Cameco had a net margin of 11.43% and a return on equity of 5.61%.

Cameco Company Profile

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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