Cameco (TSE:CCO) PT Set at C$190.00 by TD

Cameco (TSE:CCO) (NYSE:CCJ) has been given a C$190.00 price objective by stock analysts at TD in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 51.24% from the stock’s current price.

CCO has been the topic of a number of other reports. UBS Group upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price target on the stock in a research note on Monday, July 27th. Barclays dropped their price objective on shares of Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada set a C$184.00 price target on shares of Cameco and gave the stock an “outperform” rating in a report on Thursday. Finally, Truist Financial raised Cameco to a “strong-buy” rating in a report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$179.61.

Cameco Price Performance

TSE:CCO traded down C$2.41 during trading hours on Thursday, hitting C$125.63. The company’s stock had a trading volume of 524,717 shares, compared to its average volume of 1,006,250. Cameco has a twelve month low of C$109.89 and a twelve month high of C$182.72. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The stock has a fifty day simple moving average of C$132.36 and a 200-day simple moving average of C$144.72. The company has a market capitalization of C$54.72 billion, a P/E ratio of 155.10, a PEG ratio of 2.22 and a beta of 0.94.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.