Cameco (TSE:CCO) Price Target Raised to C$106.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price increased by Bank of America from C$93.00 to C$106.00 in a report published on Tuesday morning,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Cameco from C$85.00 to C$95.00 and gave the stock an “outperform” rating in a report on Monday. Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Scotiabank lifted their target price on Cameco from C$88.00 to C$93.00 and gave the stock an “outperform” rating in a report on Monday. National Bankshares lifted their target price on Cameco from C$81.00 to C$95.00 in a report on Monday. Finally, Desjardins raised Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Eight equities research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of C$92.92.

Cameco Stock Down 0.7%

TSE:CCO opened at C$89.99 on Tuesday. The firm’s 50 day simple moving average is C$69.43 and its 200 day simple moving average is C$70.05. 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 one year low of C$48.71 and a one year high of C$93.22. The company has a market cap of C$39.61 billion, a PE ratio of 340.01, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Company Profile

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.