National Bankshares Forecasts Strong Price Appreciation for Cameco (TSE:CCO) Stock

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price target increased by National Bankshares from C$95.00 to C$100.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on CCO. Royal Bank Of Canada upped their price target on shares of Cameco from C$90.00 to C$100.00 and gave the company an "outperform" rating in a research report on Friday. BMO Capital Markets raised their price objective on Cameco from C$85.00 to C$95.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. TD Securities lifted their price objective on Cameco from C$77.00 to C$100.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Desjardins increased their target price on shares of Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Nine research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and an average price target of C$97.23.

Cameco Trading Up 3.7%

Cameco stock traded up C$3.55 during trading hours on Tuesday, hitting C$99.30. The stock had a trading volume of 1,122,914 shares, compared to its average volume of 1,220,112. The stock has a market cap of C$43.71 billion, a price-to-earnings ratio of 375.19, a P/E/G ratio of 2.22 and a beta of 0.90. 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 business's 50 day simple moving average is C$74.88 and its 200-day simple moving average is C$70.38. Cameco has a one year low of C$48.71 and a one year high of C$99.86.

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.