Cameco (TSE:CCO) PT Raised to C$35.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lifted by stock analysts at TD Securities to C$35.00 in a research report issued on Wednesday, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 9.96% from the company’s current price.

Several other brokerages also recently commented on CCO. Scotiabank lifted their price target on Cameco from C$25.00 to C$27.00 in a research report on Monday, July 12th. Royal Bank of Canada restated an “underperform” rating and issued a C$17.00 price target on shares of Cameco in a research report on Thursday, July 29th. Canaccord Genuity reaffirmed a “buy” rating and set a C$27.00 price objective on shares of Cameco in a research report on Monday, May 31st. Eight Capital reiterated a “buy” rating on shares of Cameco in a research report on Monday. Finally, Raymond James boosted their price objective on Cameco from C$25.00 to C$29.00 and gave the company an “outperform” rating in a research report on Tuesday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$25.64.

Cameco stock traded up C$0.99 on Wednesday, reaching C$31.83. 1,211,194 shares of the stock were exchanged, compared to its average volume of 1,405,479. The company has a current ratio of 7.94, a quick ratio of 5.47 and a debt-to-equity ratio of 20.57. Cameco has a twelve month low of C$11.84 and a twelve month high of C$33.61. The firm has a fifty day moving average price of C$23.04 and a two-hundred day moving average price of C$22.81. The stock has a market cap of C$12.66 billion and a PE ratio of -554.91.

About Cameco

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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