Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ shares hit a new 52-week high during trading on Monday after Raymond James Financial raised their price target on the stock from C$96.00 to C$102.00. Raymond James Financial currently has an outperform rating on the stock. Cameco traded as high as C$95.80 and last traded at C$95.12, with a volume of 474584 shares changing hands. The stock had previously closed at C$90.53.
Several other research firms have also commented on CCO. Scotiabank boosted their price objective on Cameco from C$93.00 to C$95.00 in a research note on Monday. Stifel Nicolaus lifted their price target on Cameco from C$90.00 to C$105.00 in a research note on Tuesday, June 10th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Desjardins raised their price objective on Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a report on Tuesday. Finally, TD Securities lifted their target price on shares of Cameco from C$77.00 to C$100.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Nine research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and a consensus price target of C$94.93.
Check Out Our Latest Report on Cameco
Cameco Trading Down 1.2%
The company has a market capitalization of C$41.52 billion, a PE ratio of 356.41, a PEG ratio of 2.22 and a beta of 0.90. The company has a fifty day simple moving average of C$72.57 and a 200-day simple moving average of C$70.36. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.
About Cameco
(
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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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