Bank of America Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by Bank of America from C$93.00 to C$106.00 in a report published on Tuesday,BayStreet.CA reports.

Several other brokerages have also commented on CCO. National Bankshares boosted their price target on Cameco from C$81.00 to C$95.00 in a research note on Monday. TD Securities boosted their price target on Cameco from C$77.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets boosted their price target on Cameco from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research note on Monday. Raymond James boosted their price target on Cameco from C$83.00 to C$88.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Stifel Nicolaus boosted their price target on Cameco from C$90.00 to C$105.00 in a research note on Tuesday. Eight research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of C$92.92.

Cameco Price Performance

Shares of CCO stock opened at C$87.32 on Tuesday. The stock’s fifty day simple moving average is C$67.95 and its 200 day simple moving average is C$69.85. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a market cap of C$38.43 billion, a price-to-earnings ratio of 329.92, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year high of C$93.22.

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.