Scotiabank Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price objective upped by Scotiabank from C$88.00 to C$93.00 in a report published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Sanford C. Bernstein raised Cameco to a "strong-buy" rating in a research report on Tuesday, April 1st. Canaccord Genuity Group increased their price target on Cameco from C$83.50 to C$92.00 and gave the company a "buy" rating in a research report on Monday. BMO Capital Markets increased their price target on Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a research report on Monday. National Bankshares increased their price target on Cameco from C$81.00 to C$95.00 in a research report on Monday. Finally, Desjardins raised Cameco to a "moderate buy" rating in a research report on Thursday, April 3rd. Eight equities 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 data from MarketBeat.com, Cameco currently has an average rating of "Buy" and a consensus price target of C$92.92.

Cameco Stock Down 4.7%

Shares of Cameco stock traded down C$4.28 on Monday, hitting C$87.32. The company had a trading volume of 1,955,098 shares, compared to its average volume of 1,222,136. The stock has a market capitalization of C$38.43 billion, a price-to-earnings ratio of 329.92, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 1 year low of C$48.71 and a 1 year high of C$93.22. The stock has a 50 day moving average of C$67.95 and a 200-day moving average of C$69.85. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

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.