Cameco (TSE:CCO) Stock Price Expected to Rise, Desjardins Analyst Says

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price objective upped by Desjardins from C$85.00 to C$105.00 in a report published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Cameco's FY2025 earnings at $1.25 EPS, FY2026 earnings at $2.10 EPS and FY2027 earnings at $2.11 EPS.

A number of other brokerages have also recently commented on CCO. Berenberg Bank upped their price target on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, April 1st. Stifel Nicolaus increased their target price on shares of Cameco from C$90.00 to C$105.00 in a report on Tuesday, June 10th. Scotiabank lifted their price target on shares of Cameco from C$93.00 to C$95.00 in a research report on Monday. Finally, Bank of America boosted their price target on shares of Cameco from C$93.00 to C$106.00 in a report on Tuesday, June 10th. Ten equities research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$95.64.

Cameco Trading Down 0.5%

CCO traded down C$0.48 during trading on Tuesday, reaching C$93.85. 2,082,048 shares of the company's stock were exchanged, compared to its average volume of 1,222,841. The company's fifty day moving average price is C$74.11 and its 200-day moving average price is C$70.51. The firm has a market capitalization of C$41.31 billion, a PE ratio of 354.60, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$96.64. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

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.