Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) had its target price increased by analysts at TD Securities from C$51.00 to C$55.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “action list buy” rating on the stock. TD Securities’ target price points to a potential upside of 22.63% from the company’s previous close.
A number of other research analysts have also weighed in on CCO. Raymond James increased their price target on Cameco from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Bank of America upped their price objective on Cameco from C$48.00 to C$50.00 in a report on Wednesday, April 5th. Finally, Scotiabank dropped their price objective on Cameco from C$50.00 to C$49.00 in a report on Wednesday, June 28th.
Cameco Price Performance
CCO stock opened at C$44.85 on Thursday. Cameco has a 1 year low of C$28.60 and a 1 year high of C$46.43. The firm has a market cap of C$19.42 billion, a P/E ratio of 115.00, a PEG ratio of 2.22 and a beta of 0.95. The stock’s 50 day moving average price is C$41.67 and its 200 day moving average price is C$38.07. The company has a debt-to-equity ratio of 18.80, a quick ratio of 3.74 and a current ratio of 7.74.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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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