Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its target price boosted by equities research analysts at TD Securities from C$118.00 to C$142.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities' target price indicates a potential upside of 22.01% from the company's previous close.
A number of other research analysts have also recently commented on the stock. National Bankshares raised their price target on shares of Cameco from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. CLSA upgraded Cameco to a "moderate buy" rating in a research report on Tuesday, September 9th. Bank of America lifted their price objective on Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th. Raymond James Financial upped their target price on shares of Cameco from C$115.00 to C$120.00 in a report on Thursday, August 21st. Finally, Desjardins lifted their price target on shares of Cameco from C$105.00 to C$110.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of "Buy" and an average target price of C$119.61.
Read Our Latest Research Report on CCO
Cameco Stock Performance
Cameco stock traded down C$4.15 on Tuesday, hitting C$116.38. The company's stock had a trading volume of 675,603 shares, compared to its average volume of 1,241,270. Cameco has a one year low of C$49.75 and a one year high of C$137.30. The firm has a market cap of C$50.67 billion, a P/E ratio of 95.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. 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 company has a fifty day moving average price of C$112.79 and a 200-day moving average price of C$93.95.
About Cameco
(
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Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.
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