Cameco (TSE:CCO) Hits New 12-Month High - Should You Buy?

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$103.30 and last traded at C$102.58, with a volume of 709256 shares trading hands. The stock had previously closed at C$99.48.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. National Bankshares upped their target price on shares of Cameco from C$95.00 to C$100.00 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Berenberg Bank raised their target price on shares of Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. Desjardins raised their target price on shares of Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, BMO Capital Markets raised their target price on shares of Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Nine investment analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cameco has a consensus rating of "Buy" and a consensus price target of C$97.23.

Cameco Price Performance

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 firm has a fifty day moving average of C$86.06 and a two-hundred day moving average of C$72.54. The stock has a market capitalization of C$45.29 billion, a P/E ratio of 388.83, a P/E/G 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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