National Bankshares Increases Cameco (TSE:CCO) Price Target to C$95.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target boosted by National Bankshares from C$81.00 to C$95.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on CCO. Canaccord Genuity Group lifted their price objective on Cameco from C$82.50 to C$83.50 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Desjardins upgraded Cameco to a “moderate buy” rating in a research report on Thursday, April 3rd. Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, April 1st. TD Securities cut their price objective on Cameco from C$90.00 to C$77.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Scotiabank cut their price objective on Cameco from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Eight research 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, the company has a consensus rating of “Buy” and a consensus price target of C$90.10.

Cameco Price Performance

CCO stock opened at C$91.60 on Monday. The firm has a 50 day moving average of C$67.36 and a 200-day moving average of C$69.72. Cameco has a 12-month low of C$48.71 and a 12-month high of C$93.22. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company has a market cap of C$40.32 billion, a price-to-earnings ratio of 346.09, a PEG ratio of 2.22 and a beta of 0.90.

About Cameco

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.