Scotiabank Increases Cameco (TSE:CCO) Price Target to C$35.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lifted by Scotiabank from C$27.00 to C$35.00 in a research note issued on Tuesday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 9.75% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Eight Capital reaffirmed a “buy” rating on shares of Cameco in a research note on Monday, September 13th. Canaccord Genuity upped their target price on shares of Cameco from C$27.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, September 23rd. TD Securities raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$35.00 target price for the company in a research note on Tuesday, September 28th. Raymond James upped their target price on shares of Cameco from C$29.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, September 17th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a C$17.00 price objective on shares of Cameco in a research report on Thursday, July 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$27.86.

Shares of TSE CCO opened at C$31.89 on Tuesday. The company’s 50 day simple moving average is C$25.52 and its 200 day simple moving average is C$23.74. Cameco has a fifty-two week low of C$11.84 and a fifty-two week high of C$33.61. The firm has a market capitalization of C$12.68 billion and a P/E ratio of -559.47. The company has a debt-to-equity ratio of 20.57, a current ratio of 7.94 and a quick ratio of 5.47.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Wednesday, July 28th. The company reported C($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.09). The business had revenue of C$359.00 million for the quarter. Sell-side analysts expect that Cameco will post 0.1 EPS for the current fiscal year.

About Cameco

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Analyst Recommendations for Cameco (TSE:CCO)

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