Royal Bank Of Canada Reiterates C$184.00 Price Target for Cameco (TSE:CCO)

Royal Bank Of Canada set a C$184.00 price target on Cameco (TSE:CCO) (NYSE:CCJ) in a report released on Thursday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group set a C$190.00 price objective on Cameco and gave the stock a “buy” rating in a report on Thursday, September 3rd. UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price for the company in a research note on Monday, July 27th. 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 3rd. Barclays dropped their price target on shares of Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Finally, Truist Financial raised shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$179.61.

Cameco Stock Down 0.1%

Shares of Cameco stock opened at C$124.51 on Thursday. Cameco has a 1-year low of C$109.89 and a 1-year high of C$182.72. The company has a market capitalization of C$54.23 billion, a PE ratio of 153.72, a P/E/G ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The business has a 50-day moving average of C$132.49 and a 200-day moving average of C$144.41.

About Cameco

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.