Bank of America Raises Cameco (TSE:CCO) Price Target to C$47.00

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) had its target price increased by Bank of America from C$42.00 to C$47.00 in a report published on Tuesday, Marketbeat Ratings reports.

Other analysts have also recently issued reports about the company. TD Securities boosted their price target on Cameco from C$40.00 to C$41.00 and gave the stock a buy rating in a research report on Friday, October 28th. Raymond James dropped their target price on shares of Cameco from C$46.00 to C$45.00 in a report on Friday, October 21st. Finally, Scotiabank reduced their target price on shares of Cameco from C$44.00 to C$42.00 in a research report on Monday, October 17th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$42.67.

Cameco Price Performance

TSE:CCO opened at C$31.97 on Tuesday. The firm has a market cap of C$13.83 billion and a P/E ratio of 110.24. The stock has a 50 day moving average of C$33.97 and a two-hundred day moving average of C$32.29. Cameco has a 12 month low of C$23.03 and a 12 month high of C$41.05. The company has a current ratio of 5.11, a quick ratio of 3.74 and a debt-to-equity ratio of 21.56.

About Cameco

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Cameco Corporation produces and sells uranium. It operates through 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.

Further Reading

Analyst Recommendations for Cameco (TSE:CCO)

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