Cameco (TSE:CCO) Given a C$190.00 Price Target at TD

Key Points

• TD assigned Cameco a C$190.00 price target and Buy rating, implying approximately 51.24% upside from the stock’s reported price of C$125.63.
• Analyst sentiment is broadly positive: Cameco has a consensus Buy rating and an average target price of C$179.61, with multiple firms recently upgrading or assigning bullish ratings.
• Cameco shares traded near the lower end of their 52-week range, with a market capitalization of approximately C$54.72 billion and a reported P/E ratio of 155.10.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ has been assigned a C$190.00 price objective by equities research analysts at TD in a research report issued on Thursday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's target price suggests a potential upside of 51.24% from the company's current price.

Other equities research analysts also recently issued research reports about the company. UBS Group raised Cameco from a "hold" rating to a "buy" rating and set a C$166.00 target price for the company in a report on Monday, July 27th. Royal Bank Of Canada set a C$184.00 price target on shares of Cameco and gave the company an "outperform" rating in a research note on Thursday. Truist Financial upgraded shares of Cameco to a "strong-buy" rating in a research note on Monday, July 13th. Jefferies Financial Group set a C$190.00 price objective on shares of Cameco and gave the company a "buy" rating in a report on Thursday, September 3rd. Finally, Barclays decreased their target price on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Cameco presently has a consensus rating of "Buy" and an average target price of C$179.61.

Cameco Stock Performance

TSE:CCO traded down C$2.41 during mid-day trading on Thursday, hitting C$125.63. 524,717 shares of the stock were exchanged, compared to its average volume of 1,006,250. The firm's 50-day simple moving average is C$132.36 and its 200 day simple moving average is C$144.72. The stock has a market capitalization of C$54.72 billion, a price-to-earnings ratio of 155.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. Cameco has a fifty-two week low of C$109.89 and a fifty-two week high of C$182.72. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06.

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.

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