Cameco (TSE:CCO) Given a C$184.00 Price Target by Royal Bank Of Canada Analysts

Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) received a C$184.00 price objective from equities researchers at Royal Bank Of Canada in a research note issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 46.46% from the company’s current price.

A number of other analysts also recently commented on CCO. TD set a C$190.00 price objective on Cameco and gave the stock a “buy” rating in a report on Thursday, September 3rd. Jefferies Financial Group set a C$190.00 price target on Cameco and gave the company a “buy” rating in a research report on Thursday, September 3rd. Truist Financial upgraded Cameco to a “strong-buy” rating in a research note on Monday, July 13th. UBS Group raised Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective on the stock in a research note on Monday, July 27th. Finally, Barclays decreased their target price on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$179.61.

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Cameco Trading Down 1.9%

TSE CCO traded down C$2.41 during trading hours on Thursday, hitting C$125.63. 524,717 shares of the company’s stock were exchanged, compared to its average volume of 1,006,250. The firm has a market capitalization of C$54.72 billion, a P/E ratio of 155.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. Cameco has a 12-month low of C$109.89 and a 12-month high of C$182.72. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06. The business’s 50 day moving average is C$132.36 and its 200-day moving average is C$144.72.

Cameco Company Profile

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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.

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