Cameco (TSE:CCO) Given a C$184.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada assigned Cameco a C$184.00 price target and an “outperform” rating, implying 46.46% upside from the previous close.
• Analyst sentiment is broadly positive: Cameco has a consensus “Buy” rating and an average target price of C$179.61, with other targets ranging from C$147.00 to C$190.00.
• Cameco shares fell 1.9% to C$125.63 during Thursday trading. The company has a C$54.72 billion market capitalization and trades at a price-to-earnings ratio of 155.10.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ has been given a C$184.00 target price by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 46.46% from the company's previous close.

A number of other equities analysts also recently commented on CCO. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Truist Financial raised Cameco to a "strong-buy" rating in a research report on Monday, July 13th. TD set a C$190.00 price objective on Cameco and gave the company a "buy" rating in a report on Thursday, September 3rd. Barclays decreased their target price on Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Finally, UBS Group raised shares of Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price objective on the stock in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$179.61.

Cameco Stock Down 1.9%

TSE:CCO traded down C$2.41 during midday trading on Thursday, reaching C$125.63. The company had a trading volume of 524,717 shares, compared to its average volume of 1,006,250. The firm has a market capitalization of C$54.72 billion, a price-to-earnings ratio of 155.10, a PEG ratio of 2.22 and a beta of 0.94. The stock's fifty day simple moving average is C$132.36 and its 200-day simple moving average is C$144.72. Cameco has a 12-month low of C$109.89 and a 12-month high of C$182.72. The company has a current ratio of 3.06, a quick ratio of 3.74 and a debt-to-equity ratio of 14.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.