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

Key Points

• Desjardins has raised its target price for Cameco (TSE: CCO) stock from C$105.00 to C$110.00, indicating a potential upside of 9.91% from the previous close, with a "buy" rating.
• Other analysts have also increased their target prices for Cameco, with BMO Capital Markets lifting it to C$95.00 and Stifel Nicolaus to C$115.00, showcasing strong overall analyst support for the stock.
• Cameco's stock recently traded at C$100.08 and has shown significant trading volume, along with a market capitalization of C$44.05 billion and a price-to-earnings ratio of 378.13.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its target price increased by Desjardins from C$105.00 to C$110.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 6.74% from the stock's current price. Desjardins also issued estimates for Cameco's FY2026 earnings at $1.93 EPS and FY2027 earnings at $2.00 EPS.

A number of other analysts have also recently commented on CCO. TD Securities boosted their price target on Cameco from C$77.00 to C$100.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Scotiabank upped their price objective on Cameco from C$93.00 to C$95.00 in a research report on Monday, June 16th. Stifel Nicolaus upped their price objective on Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Raymond James Financial upped their price objective on Cameco from C$102.00 to C$115.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Berenberg Bank upped their price objective on Cameco from C$75.00 to C$96.00 in a research report on Tuesday, June 10th. Nine analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$103.85.

Cameco Trading Up 2.4%

Shares of TSE CCO traded up C$2.42 during trading hours on Friday, hitting C$103.05. The company's stock had a trading volume of 575,221 shares, compared to its average volume of 1,218,374. Cameco has a 12 month low of C$48.71 and a 12 month high of C$110.85. The business has a 50-day simple moving average of C$96.85 and a 200-day simple moving average of C$76.15. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market cap of C$45.36 billion, a price-to-earnings ratio of 389.36, a P/E/G 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.