Cameco (TSE:CCO) Price Target Raised to C$102.00

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target lifted by analysts at Raymond James from C$96.00 to C$102.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' price target indicates a potential upside of 8.15% from the company's current price.

Several other research analysts have also weighed in on the company. National Bankshares increased their target price on Cameco from C$81.00 to C$95.00 in a research report on Monday, June 9th. TD Securities upped their target price on Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Scotiabank boosted their target price on shares of Cameco from C$93.00 to C$95.00 in a research note on Monday. 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 report on Tuesday. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$94.93.

Cameco Trading Up 0.1%

Shares of TSE:CCO traded up C$0.14 during midday trading on Tuesday, reaching C$94.31. The company's stock had a trading volume of 556,811 shares, compared to its average volume of 1,219,359. Cameco has a 1 year low of C$48.71 and a 1 year high of C$96.64. The business has a 50 day moving average price of C$71.03 and a 200 day moving average price of C$70.02. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$41.51 billion, a price-to-earnings ratio of 356.33, a price-to-earnings-growth 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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