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National Bankshares Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco logo with Energy background

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

Several other equities research analysts have also commented on the stock. Desjardins upped their price target on shares of Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. BMO Capital Markets boosted their price objective on Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Royal Bank Of Canada raised their target price on Cameco from C$90.00 to C$100.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Stifel Nicolaus lifted their price target on Cameco from C$90.00 to C$105.00 in a research report on Tuesday, June 10th. Finally, Sanford C. Bernstein raised Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Nine investment analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$97.23.

Read Our Latest Report on Cameco

Cameco Stock Performance

TSE:CCO traded down C$1.20 during midday trading on Tuesday, hitting C$100.30. The company's stock had a trading volume of 916,139 shares, compared to its average volume of 1,215,890. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$102.98. The firm's 50 day moving average is C$77.43 and its 200-day moving average is C$70.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a market cap of C$44.15 billion, a P/E ratio of 378.97, a P/E/G ratio of 2.22 and a beta of 0.90.

About Cameco

(Get Free Report)

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.

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