Cameco (TSE:CCO) Price Target Raised to C$93.00 at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by investment analysts at Scotiabank from C$88.00 to C$93.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 0.49% from the stock’s current price.

Several other research analysts also recently weighed in on CCO. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. National Bankshares increased their target price on Cameco from C$81.00 to C$95.00 in a report on Monday. Sanford C. Bernstein raised Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st. TD Securities increased their price objective on Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday. Finally, Raymond James lifted their target price on shares of Cameco from C$83.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Monday. Eight analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$90.10.

Cameco Stock Up 11.9%

CCO stock traded up C$9.81 during trading on Monday, reaching C$92.55. 1,940,095 shares of the company traded hands, compared to its average volume of 1,207,239. Cameco has a 12 month low of C$48.71 and a 12 month high of C$93.22. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The company has a market capitalization of C$40.73 billion, a price-to-earnings ratio of 349.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business has a 50 day simple moving average of C$66.74 and a 200 day simple moving average of C$69.67.

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.