Cameco (TSE:CCO) Given New C$81.00 Price Target at National Bankshares

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lowered by stock analysts at National Bankshares from C$87.00 to C$81.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 34.69% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. TD Securities reduced their price target on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, Scotiabank dropped their price target on Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Six analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$84.20.

Cameco Trading Up 0.5 %

Cameco stock traded up C$0.31 during mid-day trading on Wednesday, hitting C$60.14. The company’s stock had a trading volume of 414,633 shares, compared to its average volume of 1,224,831. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18. 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 business has a 50 day moving average price of C$65.92 and a 200-day moving average price of C$70.58. The stock has a market cap of C$26.47 billion, a price-to-earnings ratio of 227.23, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

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.