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

Cameco (TSE:CCO) (NYSE:CCJ) had its target price boosted by National Bankshares from C$95.00 to C$100.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 0.83% from the company’s previous close.

Several other brokerages have also recently weighed in on CCO. TD Securities upped their price target on Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Sanford C. Bernstein raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Desjardins boosted their price target 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. Canaccord Genuity Group increased their price objective on Cameco from C$83.50 to C$92.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Finally, Raymond James Financial lifted their price objective on Cameco from C$96.00 to C$102.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Nine analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus price target of C$97.23.

Cameco Stock Performance

Shares of Cameco stock traded up C$3.43 during trading hours on Tuesday, reaching C$99.18. The company had a trading volume of 692,298 shares, compared to its average volume of 1,216,451. The firm has a market cap of C$43.65 billion, a PE ratio of 374.73, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year high of C$99.38. 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 business has a fifty day simple moving average of C$74.88 and a 200 day simple moving average of C$70.38.

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.