Cameco (TSE:CCO) Hits New 12-Month High After Analyst Upgrade

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ reached a new 52-week high on Monday after National Bankshares raised their price target on the stock from C$95.00 to C$100.00. National Bankshares currently has an outperform rating on the stock. Cameco traded as high as C$96.87 and last traded at C$96.64, with a volume of 341609 shares trading hands. The stock had previously closed at C$93.85.

Several other research analysts have also recently weighed in on CCO. Royal Bank Of Canada boosted their price target on Cameco from C$90.00 to C$100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Bank of America boosted their target price on Cameco from C$93.00 to C$106.00 in a research report on Tuesday, June 10th. TD Securities raised their price target on shares of Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a report on Monday, June 9th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Scotiabank increased their price objective on shares of Cameco from C$93.00 to C$95.00 in a research report on Monday, June 16th. Nine analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$97.23.

Cameco Stock Performance

The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company has a market cap of C$44.67 billion, a P/E ratio of 383.50, a PEG ratio of 2.22 and a beta of 0.90. The business's 50 day simple moving average is C$76.54 and its 200 day simple moving average is C$70.77.

Cameco Company Profile

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.