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

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price objective raised by stock analysts at Royal Bank Of Canada from C$90.00 to C$100.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 6.86% from the company's previous close.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets boosted their target price on Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Desjardins increased their price objective on Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a research note on Tuesday. 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. Scotiabank upped their price target on shares of Cameco from C$93.00 to C$95.00 in a report on Monday. Finally, Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Ten analysts have rated the stock with a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$95.64.

Cameco Price Performance

Shares of TSE CCO traded down C$0.75 during trading hours on Friday, reaching C$93.58. 1,018,592 shares of the stock traded hands, compared to its average volume of 1,213,514. The company has a market capitalization of C$41.19 billion, a P/E ratio of 353.57, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company's 50-day simple moving average is C$73.37 and its two-hundred day simple moving average is C$70.44. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a 52-week low of C$48.71 and a 52-week high of C$96.64.

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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