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

Key Points

• National Bank Financial assigned Cameco a C$185.00 price target and an “outperform” rating, implying 47.68% upside from the previous close.
• Analyst sentiment is broadly positive: Cameco has a consensus “Buy” rating and a C$179.89 average price target, with recent upgrades from Truist Financial and UBS Group.
• Cameco shares traded at C$125.27, while the company reported C$813.77 million in quarterly revenue and C$0.18 in earnings per share; its market capitalization was approximately C$54.56 billion.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ received a C$185.00 price target from National Bank Financial in a report issued on Monday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 47.68% from the company's previous close.

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

Cameco Price Performance

CCO stock traded up C$3.87 during trading hours on Monday, hitting C$125.27. 508,706 shares of the stock traded hands, compared to its average volume of 1,003,244. The stock has a 50-day simple moving average of C$132.33 and a 200 day simple moving average of C$143.17. The company has a market cap of C$54.56 billion, a P/E ratio of 154.65, a P/E/G ratio of 2.22 and a beta of 0.94. Cameco has a one year low of C$109.89 and a one year high of C$182.72. 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 (TSE:CCO - Get Free Report) NYSE: CCJ last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.18 EPS for the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%. The firm had revenue of C$813.77 million for the quarter.

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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