Cameco (TSE:CCO) Given New C$115.00 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group raised its price target for Cameco from C$92.00 to C$115.00, indicating a potential upside of 7.53% from its last close.
• Numerous analysts have upgraded Cameco's price targets, with nine giving it a buy rating and an average target price of C$100.54.
• Cameco's stock is currently trading around C$106.95, down C$1.50 during mid-day trading, reflecting a market capitalization of C$47.07 billion.

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price objective increased by Canaccord Genuity Group from C$92.00 to C$115.00 in a report released on Wednesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also weighed in on CCO. Raymond James Financial increased their target price on Cameco from C$96.00 to C$102.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Berenberg Bank raised their price target on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. TD Securities raised their price target on Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Royal Bank Of Canada lifted their price target on Cameco from C$90.00 to C$100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, Bank of America lifted their price objective on Cameco from C$93.00 to C$106.00 in a report on Tuesday, June 10th. Nine analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$103.85.

Cameco Price Performance

Cameco stock traded down C$3.40 during mid-day trading on Wednesday, hitting C$100.63. 1,792,393 shares of the company were exchanged, compared to its average volume of 1,223,255. The business has a fifty day moving average of C$96.50 and a 200 day moving average of C$75.93. 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 market capitalization of C$44.29 billion, a PE ratio of 380.21, a price-to-earnings-growth 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$110.85.

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.