Cameco (TSE:CCO) Given New C$100.00 Price Target at TD Securities

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target hoisted by equities researchers at TD Securities from C$77.00 to C$100.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective points to a potential upside of 10.31% from the stock's previous close.

Several other research analysts also recently commented on the stock. Scotiabank decreased their target price on shares of Cameco from C$81.00 to C$80.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Raymond James decreased their price objective on shares of Cameco from C$84.00 to C$83.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. National Bankshares upped their price objective on shares of Cameco from C$81.00 to C$95.00 in a research note on Monday. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group increased their price objective on Cameco from C$83.50 to C$92.00 and gave the stock a "buy" rating in a report on Monday. Eight analysts have rated the stock with a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco has an average rating of "Buy" and an average price target of C$92.92.

Cameco Trading Up 3.8%

CCO traded up C$3.33 on Monday, hitting C$90.65. 1,414,548 shares of the company were exchanged, compared to its average volume of 1,223,855. 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 firm has a fifty day simple moving average of C$67.95 and a two-hundred day simple moving average of C$69.85. The stock has a market capitalization of C$39.90 billion, a PE ratio of 342.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$93.22.

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.