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

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by BMO Capital Markets from C$85.00 to C$95.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. Desjardins raised Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Scotiabank lowered their target price on Cameco from C$81.00 to C$80.00 and set an “outperform” rating for the company in a report on Thursday, May 22nd. TD Securities raised their price objective on Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday. Finally, National Bankshares lifted their target price on Cameco from C$81.00 to C$95.00 in a research report on Monday. Eight analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$92.92.

Cameco Stock Up 3.8%

CCO opened at C$90.65 on Monday. The stock has a market cap of C$39.90 billion, a PE ratio of 342.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1-year low of C$48.71 and a 1-year high of C$93.22. 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 stock’s fifty day simple moving average is C$68.69 and its 200 day simple moving average is C$69.99.

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.