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BMO Capital Markets Boosts Cameco (TSE:CCO) Price Target to C$110.00

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Key Points

  • BMO Capital Markets raised its price target for Cameco (TSE: CCO) stock from C$105.00 to C$110.00, indicating a potential upside of 7.06% from the previous close.
  • Several other analysts, including Scotiabank and Desjardins, also adjusted their price targets to C$110.00, with strong buy and buy ratings from multiple firms.
  • Cameco's stock recently traded at C$102.75, with a significant market capitalization of C$45.22 billion and a 52-week high of C$110.85.
  • Want stock alerts on Cameco? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its target price boosted by BMO Capital Markets from C$105.00 to C$110.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the stock. Bank of America lifted their price objective on shares of Cameco from C$93.00 to C$106.00 in a research report on Tuesday, June 10th. TD Securities lifted their price objective 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, June 9th. Stifel Nicolaus lifted their price objective on shares of Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Berenberg Bank boosted their price target on shares of Cameco from C$75.00 to C$96.00 in a research report on Tuesday, June 10th. Finally, Raymond James Financial boosted their price target on shares of Cameco from C$102.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Nine research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$106.31.

Get Our Latest Stock Analysis on Cameco

Cameco Price Performance

Shares of Cameco stock traded up C$0.99 on Tuesday, hitting C$106.00. 1,567,456 shares of the company traded hands, compared to its average volume of 1,228,154. The stock has a market capitalization of C$46.65 billion, a P/E ratio of 400.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. Cameco has a 52 week low of C$48.71 and a 52 week high of C$110.85. The business has a 50-day simple moving average of C$98.65 and a 200 day simple moving average of C$76.92.

About Cameco

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Cameco (TSE:CCO)

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