Cameco Price Target Raised to C$31.00 at TD Securities (CCO)
TD Securities lifted their price target on shares of Cameco (TSE:CCO) from C$22.00 to C$31.00 in a research note issued on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 24.15% from the company’s current price.
Cameco (TSE:CCO) traded up 3.61% on Monday, hitting $24.97. 808,048 shares of the company’s stock traded hands. Cameco has a 52 week low of $17.89 and a 52 week high of $24.40. The stock’s 50-day moving average is $22.11 and its 200-day moving average is $20.76. The company has a market cap of $9.875 billion and a P/E ratio of 31.30.
CCO has been the subject of a number of other recent research reports. Analysts at Merrill Lynch upgraded shares of Cameco to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Bank of America Corp. upgraded shares of Cameco to a “buy” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Scotiabank upgraded shares of Cameco to a “sector outperform” rating in a research note to investors on Thursday, January 9th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$24.70.
Cameco Corporation (TSE:CCO) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
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