Cameco (TSE:CCO) Price Target Raised to C$95.00 at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its target price boosted by Scotiabank from C$93.00 to C$95.00 in a report released on Monday morning,BayStreet.CA reports.

CCO has been the topic of a number of other research reports. BMO Capital Markets increased their price target 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. National Bankshares boosted their price target on Cameco from C$81.00 to C$95.00 in a research note on Monday, June 9th. Canaccord Genuity Group upped their price objective on shares of Cameco from C$83.50 to C$92.00 and gave the stock 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. Finally, Desjardins raised shares of Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Nine analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus price target of C$94.93.

Cameco Price Performance

Shares of Cameco stock opened at C$95.43 on Monday. 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 market capitalization of C$42.00 billion, a price-to-earnings ratio of 360.56, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a twelve month low of C$48.71 and a twelve month high of C$96.64. The company has a 50-day simple moving average of C$72.57 and a two-hundred day simple moving average of C$70.36.

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.