Cameco (TSE:CCO) Price Target Raised to C$100.00 at Royal Bank Of Canada

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price target boosted by Royal Bank Of Canada from C$90.00 to C$100.00 in a research note released on Friday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Sanford C. Bernstein raised Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Bank of America raised their price objective on shares of Cameco from C$93.00 to C$106.00 in a research report on Tuesday, June 10th. Desjardins lifted their price objective on shares of Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Canaccord Genuity Group upped their target price on shares of Cameco from C$83.50 to C$92.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, BMO Capital Markets raised their price target on Cameco from C$85.00 to C$95.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Nine research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$96.85.

Cameco Stock Up 2.0%

Shares of Cameco stock traded up C$1.90 during trading hours on Friday, hitting C$95.75. The company had a trading volume of 992,594 shares, compared to its average volume of 1,220,922. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a twelve month low of C$48.71 and a twelve month high of C$96.90. The company has a market cap of C$42.14 billion, a P/E ratio of 361.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company's 50-day moving average is C$74.11 and its two-hundred day moving average is C$70.31.

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.