TD Securities Boosts Cameco (TSE:CCO) Price Target to C$100.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective boosted by analysts at TD Securities from C$77.00 to C$100.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 14.52% from the company’s current price.

CCO has been the subject of a number of other research reports. Raymond James decreased their price objective on shares of Cameco from C$84.00 to C$83.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Desjardins raised shares of Cameco to a “moderate buy” rating in a report on Thursday, April 3rd. National Bankshares boosted their price target on shares of Cameco from C$81.00 to C$95.00 in a research report on Monday. Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$92.92.

Cameco Stock Down 4.7%

CCO stock opened at C$87.32 on Monday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a twelve month low of C$48.71 and a twelve month high of C$93.22. The firm has a 50 day simple moving average of C$67.95 and a 200-day simple moving average of C$69.85. The company has a market capitalization of C$38.43 billion, a P/E ratio of 329.92, a PEG ratio of 2.22 and a beta of 0.90.

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.