Stifel Nicolaus Raises Cameco (TSE:CCO) Price Target to C$105.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price hoisted by research analysts at Stifel Nicolaus from C$90.00 to C$105.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 15.83% from the company’s current price.

Several other research firms have also commented on CCO. Canaccord Genuity Group increased their target price on shares of Cameco from C$83.50 to C$92.00 and gave the company a “buy” rating in a research note on Monday. Raymond James increased their target price on shares of Cameco from C$83.00 to C$88.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities upped their price target on shares of Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets upped their price target on shares of Cameco from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$92.92.

Cameco Stock Up 3.8%

CCO stock opened at C$90.65 on Tuesday. Cameco has a 12 month low of C$48.71 and a 12 month high of C$93.22. The firm has a market cap of C$39.90 billion, a PE ratio of 342.50, a P/E/G ratio of 2.22 and a beta of 0.90. The firm has a 50 day simple moving average of C$68.69 and a 200 day simple moving average of C$69.99. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

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.