Cameco (TSE:CCO) Price Target Raised to C$95.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lifted by investment analysts at Scotiabank from C$93.00 to C$95.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 0.18% from the company’s previous close.

A number of other research analysts have also recently weighed in on CCO. BMO Capital Markets lifted their target price on shares of Cameco from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Desjardins raised shares of Cameco to a “moderate buy” rating in a research report on Thursday, April 3rd. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus boosted their price target on Cameco from C$90.00 to C$105.00 in a research report on Tuesday, June 10th. Finally, Canaccord Genuity Group increased their price objective on Cameco from C$83.50 to C$92.00 and gave the company a “buy” rating in a report on Monday, June 9th. Eight investment analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus price target of C$93.08.

Cameco Price Performance

CCO stock traded up C$4.30 during mid-day trading on Monday, hitting C$94.83. 1,165,826 shares of the stock were exchanged, compared to its average volume of 1,219,741. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a 12 month low of C$48.71 and a 12 month high of C$96.64. The business has a fifty day moving average price of C$70.19 and a 200 day moving average price of C$69.94. The stock has a market capitalization of C$41.74 billion, a price-to-earnings ratio of 358.30, a PEG ratio of 2.22 and a beta of 0.90.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.