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

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lifted by investment analysts at Scotiabank from C$88.00 to C$93.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 6.50% from the company’s current price.

Several other analysts have also issued reports on CCO. BMO Capital Markets upped their price objective on Cameco from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Canaccord Genuity Group raised their price objective on Cameco from C$83.50 to C$92.00 and gave the stock a “buy” rating in a research note on Monday. TD Securities raised their target price on Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a report on Monday. Finally, National Bankshares raised their target price on Cameco from C$81.00 to C$95.00 in a report on Monday. Eight analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average price target of C$92.92.

Cameco Stock Performance

Shares of TSE CCO opened at C$87.32 on Monday. 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 stock has a 50 day moving average price of C$67.95 and a 200 day moving average price of C$69.85. The stock has a market capitalization of C$38.43 billion, a PE ratio of 329.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$93.22.

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.