Cameco (TSE:CCO) Given New C$47.00 Price Target at Bank of America

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) had its price objective upped by Bank of America from C$42.00 to C$47.00 in a research note published on Tuesday morning, MarketBeat reports.

CCO has been the subject of a number of other research reports. Raymond James decreased their target price on Cameco from C$46.00 to C$45.00 in a report on Friday, October 21st. Scotiabank decreased their price objective on shares of Cameco from C$44.00 to C$42.00 in a research note on Monday, October 17th. Finally, TD Securities upped their price objective on shares of Cameco from C$40.00 to C$41.00 and gave the company a buy rating in a report on Friday, October 28th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of C$42.67.

Cameco Stock Performance

Shares of CCO stock opened at C$31.97 on Tuesday. The business has a fifty day moving average of C$33.97 and a 200 day moving average of C$32.29. Cameco has a 1 year low of C$23.03 and a 1 year high of C$41.05. The company has a debt-to-equity ratio of 21.56, a current ratio of 5.11 and a quick ratio of 3.74. The firm has a market capitalization of C$13.83 billion and a price-to-earnings ratio of 110.24.

Cameco Company Profile

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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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