BMO Capital Markets Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

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.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target boosted by equities researchers at BMO Capital Markets from C$105.00 to C$110.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 7.06% from the company's previous close.

CCO has been the topic of several other reports. Desjardins upped their price target on shares of Cameco from C$105.00 to C$110.00 and gave the company a "buy" rating in a research note on Friday. Scotiabank upped their price target on shares of Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America upped their price target on shares of Cameco from C$93.00 to C$106.00 in a research note on Tuesday, June 10th. Stifel Nicolaus upped their price target on shares of Cameco from C$105.00 to C$115.00 in a research note on Tuesday, July 22nd. Finally, Canaccord Genuity Group upped their price target on shares of Cameco from C$92.00 to C$115.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Nine analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Cameco has a consensus rating of "Buy" and an average target price of C$106.31.

Cameco Stock Performance

Shares of CCO stock traded up C$2.12 on Tuesday, hitting C$102.75. The company's stock had a trading volume of 857,201 shares, compared to its average volume of 1,220,305. 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's 50 day moving average is C$96.85 and its 200-day moving average is C$76.15. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$110.85. The company has a market capitalization of C$45.22 billion, a PE ratio of 388.22, a PEG ratio of 2.22 and a beta of 0.90.

About Cameco

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.

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