Cameco (CCO) Price Target Raised to C$17.50 at BMO Capital Markets

Cameco (TSE:CCO) (NYSE:CCJ) had its target price raised by equities research analysts at BMO Capital Markets from C$16.50 to C$17.50 in a research report issued on Monday. BMO Capital Markets’ target price indicates a potential upside of 6.58% from the stock’s previous close.

Several other research analysts have also weighed in on CCO. Raymond James reiterated an “outperform” rating and set a C$18.00 price objective on shares of Cameco in a report on Monday, November 5th. Royal Bank of Canada increased their target price on shares of Cameco from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Monday, November 5th. Finally, CIBC increased their target price on shares of Cameco from C$14.00 to C$16.00 in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Cameco has an average rating of “Hold” and an average price target of C$16.79.

TSE:CCO traded up C$0.03 on Monday, reaching C$16.42. The stock had a trading volume of 1,704,087 shares, compared to its average volume of 1,084,824. The firm has a market cap of $6.49 billion and a price-to-earnings ratio of -117.14. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 30.93. Cameco has a 12-month low of C$10.50 and a 12-month high of C$17.12.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Analyst Recommendations for Cameco (TSE:CCO)

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