Cameco (TSE:CCO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target increased by research analysts at BMO Capital Markets from C$85.00 to C$95.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 5.57% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. TD Securities boosted their price target on shares of Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a research report on Monday. Desjardins upgraded shares of Cameco to a "moderate buy" rating in a report on Thursday, April 3rd. Raymond James upped their price objective on shares of Cameco from C$83.00 to C$88.00 and gave the stock an "outperform" rating in a report on Monday. Canaccord Genuity Group upped their price objective on shares of Cameco from C$83.50 to C$92.00 and gave the stock a "buy" rating in a report on Monday. Finally, Sanford C. Bernstein upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Eight equities research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Cameco presently has an average rating of "Buy" and a consensus price target of C$92.92.

Cameco Trading Down 0.7%

Shares of TSE CCO traded down C$0.66 during midday trading on Monday, hitting C$89.99. 937,986 shares of the company traded hands, compared to its average volume of 1,221,325. Cameco has a 12-month low of C$48.71 and a 12-month high of C$93.22. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a 50-day moving average price of C$68.69 and a 200 day moving average price of C$69.99. The firm has a market cap of C$39.61 billion, a P/E ratio of 340.01, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Company Profile

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.