BMO Capital Markets Increases Cameco (CCO) Price Target to C$17.50

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lifted by BMO Capital Markets from C$16.50 to C$17.50 in a report issued on Monday. BMO Capital Markets’ price target suggests a potential upside of 6.51% from the stock’s previous close.

CCO has been the subject of several other reports. CIBC raised their price objective on Cameco from C$16.00 to C$17.00 in a research note on Monday, January 21st. Raymond James reissued an “outperform” rating and set a C$18.00 price objective on shares of Cameco in a research note on Monday, November 5th. Finally, Royal Bank of Canada raised their price objective on Cameco from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Cameco currently has a consensus rating of “Hold” and an average target price of C$16.79.

TSE CCO traded up C$0.04 on Monday, reaching C$16.43. 1,622,357 shares of the stock traded hands, compared to its average volume of 1,080,887. The company has a debt-to-equity ratio of 30.93, a quick ratio of 1.45 and a current ratio of 2.14. The firm has a market cap of $6.49 billion and a P/E ratio of -117.36. Cameco has a 12 month low of C$10.50 and a 12 month high of C$17.12.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Analyst Recommendations for Cameco (TSE:CCO)

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