Cameco (TSE:CCO) Price Target Raised to C$92.00 at Canaccord Genuity Group

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price objective increased by Canaccord Genuity Group from C$83.50 to C$92.00 in a research report released on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on CCO. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Desjardins raised Cameco to a "moderate buy" rating in a report on Thursday, April 3rd. TD Securities lowered their price target on shares of Cameco from C$90.00 to C$77.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Raymond James lowered their target price on shares of Cameco from C$84.00 to C$83.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Eight research analysts have rated the stock with a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has a consensus rating of "Buy" and an average price target of C$92.92.

Cameco Stock Performance

TSE:CCO traded up C$3.33 on Monday, reaching C$90.65. 1,414,548 shares of the company's stock were exchanged, compared to its average volume of 1,223,855. The firm has a market cap of C$39.90 billion, a price-to-earnings ratio of 342.50, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The stock has a fifty day simple moving average of C$67.95 and a 200-day simple moving average of C$69.85. Cameco has a 52 week low of C$48.71 and a 52 week 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.