National Bankshares Forecasts Strong Price Appreciation for Cameco (TSE:CCO) Stock

Cameco (TSE:CCO) (NYSE:CCJ) had its target price raised by National Bankshares from C$110.00 to C$115.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 10.99% from the company’s previous close.

Several other brokerages also recently weighed in on CCO. Canaccord Genuity Group upped their price objective on Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Berenberg Bank increased their target price on shares of Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. TD Securities lifted their price target on shares of Cameco from C$115.00 to C$117.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Stifel Nicolaus upped their price objective on shares of Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$107.08.

Cameco Stock Up 4.4%

TSE CCO opened at C$103.61 on Friday. The business has a fifty day moving average price of C$102.22 and a two-hundred day moving average price of C$79.05. The stock has a market capitalization of C$45.60 billion, a PE ratio of 391.47, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$110.85. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

About Cameco

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.