BMO Capital Markets Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by BMO Capital Markets from C$130.00 to C$160.00 in a report released on Tuesday morning,BayStreet.CA reports.

Several other research firms have also commented on CCO. Stifel Nicolaus increased their price objective on shares of Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Desjardins raised their price target on shares of Cameco from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. CLSA upgraded shares of Cameco to a “moderate buy” rating in a research note on Tuesday, September 9th. Raymond James Financial raised their price target on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Bank of America raised their price target on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$136.92.

Cameco Trading Down 3.6%

TSE:CCO opened at C$136.66 on Tuesday. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The firm has a market cap of C$59.50 billion, a price-to-earnings ratio of 112.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. Cameco has a 52 week low of C$49.75 and a 52 week high of C$153.59. The firm has a 50-day moving average price of C$119.28 and a two-hundred day moving average price of C$100.23.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.