BMO Capital Markets Raises Cameco (TSE:CCO) Price Target to C$95.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by research analysts at BMO Capital Markets from C$85.00 to C$95.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 8.80% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Desjardins upgraded Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Scotiabank decreased their target price on Cameco from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group boosted their target price on Cameco from C$83.50 to C$92.00 and gave the stock a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a buy rating and five have given a strong buy 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$92.92.

Cameco Stock Down 4.7%

Shares of TSE CCO opened at C$87.32 on Monday. The company has a market capitalization of C$38.43 billion, a price-to-earnings ratio of 329.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The business has a 50-day moving average of C$67.95 and a two-hundred day moving average of C$69.85. Cameco has a 1 year low of C$48.71 and a 1 year high of C$93.22.

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.