National Bankshares Boosts Cameco (TSE:CCO) Price Target to C$100.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target raised by equities researchers at National Bankshares from C$95.00 to C$100.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 2.04% from the company’s previous close.

A number of other research firms have also recently issued reports on CCO. Stifel Nicolaus boosted their price objective on Cameco from C$90.00 to C$105.00 in a research report on Tuesday, June 10th. Canaccord Genuity Group boosted their price objective on Cameco from C$83.50 to C$92.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Bank of America upped their price target on Cameco from C$93.00 to C$106.00 in a research report on Tuesday, June 10th. Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Royal Bank Of Canada upped their price target on Cameco from C$90.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Nine analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$97.23.

Cameco Stock Performance

CCO opened at C$98.00 on Tuesday. The stock has a market cap of C$43.13 billion, a PE ratio of 370.28, a P/E/G ratio of 2.22 and a beta of 0.90. 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 1 year low of C$48.71 and a 1 year high of C$99.89. The stock’s 50 day simple moving average is C$76.54 and its 200-day simple moving average is C$70.77.

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.