Raymond James Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by Raymond James from C$83.00 to C$88.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential downside of 4.92% from the company’s current price.

A number of other research firms have also commented on CCO. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Scotiabank lowered their price target on Cameco from C$81.00 to C$80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 22nd. National Bankshares lifted their price objective on Cameco from C$81.00 to C$95.00 in a report on Monday. Desjardins upgraded Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, Sanford C. Bernstein raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Eight analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$90.10.

Cameco Stock Up 11.9%

TSE CCO traded up C$9.81 on Monday, reaching C$92.55. The stock had a trading volume of 1,940,095 shares, compared to its average volume of 1,207,239. Cameco has a 1 year low of C$48.71 and a 1 year high of C$93.22. The business has a 50 day moving average price of C$66.74 and a 200 day moving average price of C$69.67. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company has a market capitalization of C$40.73 billion, a price-to-earnings ratio of 349.68, a P/E/G 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.