Cameco (TSE:CCO) Given New C$106.00 Price Target at Bank of America

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target increased by equities researchers at Bank of America from C$93.00 to C$106.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Bank of America's target price suggests a potential upside of 17.09% from the company's previous close.

Several other brokerages have also recently weighed in on CCO. National Bankshares raised their target price on Cameco from C$81.00 to C$95.00 in a research note on Monday. Desjardins upgraded shares of Cameco to a "moderate buy" rating in a research report on Thursday, April 3rd. BMO Capital Markets boosted their target price on shares of Cameco from C$85.00 to C$95.00 and gave the stock an "outperform" rating in a report on Monday. Scotiabank increased their target price on shares of Cameco from C$88.00 to C$93.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Eight research 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, the stock currently has a consensus rating of "Buy" and a consensus target price of C$92.92.

Cameco Price Performance

TSE:CCO traded up C$0.54 during midday trading on Tuesday, hitting C$90.53. 1,133,501 shares of the stock were exchanged, compared to its average volume of 1,220,519. The company has a market capitalization of C$39.85 billion, a price-to-earnings ratio of 342.05, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a one year low of C$48.71 and a one year high of C$93.22. The business has a 50-day moving average price of C$69.43 and a two-hundred day moving average price of C$70.05.

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.