Cameco (TSE:CCO) Given New C$106.00 Price Target at Bank of America

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by Bank of America from C$93.00 to C$106.00 in a report issued on Tuesday,BayStreet.CA reports. Bank of America‘s price target would indicate a potential upside of 22.30% from the stock’s current price.

A number of other equities research analysts have also commented on CCO. National Bankshares raised their price objective on shares of Cameco from C$81.00 to C$95.00 in a report on Monday. Raymond James raised their target price on shares of Cameco from C$83.00 to C$88.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank raised their target price on shares of Cameco from C$88.00 to C$93.00 and gave the company an “outperform” rating in a research report on Monday. TD Securities raised their target price on shares of Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets raised their target price on shares of Cameco from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research report on Monday. Eight research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$92.92.

Cameco Stock Down 5.4%

Shares of TSE:CCO traded down C$4.93 during midday trading on Tuesday, reaching C$86.67. 1,274,240 shares of the company were exchanged, compared to its average volume of 1,215,605. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$93.22. 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 stock has a fifty day simple moving average of C$67.36 and a two-hundred day simple moving average of C$69.72. The firm has a market cap of C$38.15 billion, a PE ratio of 327.47, a P/E/G ratio of 2.22 and a beta of 0.90.

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.