Scotiabank Increases Cameco (TSE:CCO) Price Target to C$25.00

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Cameco (TSE:CCO) (NYSE:CCJ) had its target price raised by Scotiabank from C$23.00 to C$25.00 in a research note released on Monday, BayStreet.CA reports.

A number of other research firms have also weighed in on CCO. TD Securities restated a hold rating and set a C$22.00 target price on shares of Cameco in a report on Monday. Eight Capital upped their target price on Cameco from C$20.00 to C$22.00 and gave the stock a strong-buy rating in a report on Wednesday, April 7th. Royal Bank of Canada restated an underperform rating and set a C$15.00 target price on shares of Cameco in a report on Friday, February 12th. Raymond James upped their price target on Cameco from C$21.00 to C$22.00 and gave the stock an outperform rating in a research report on Tuesday, April 6th. Finally, Bank of America downgraded Cameco from a buy rating to a neutral rating and upped their price target for the stock from C$21.00 to C$22.75 in a research report on Friday, February 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average target price of C$21.22.

Shares of TSE CCO opened at C$20.77 on Monday. The company has a debt-to-equity ratio of 20.36, a quick ratio of 3.82 and a current ratio of 6.40. The firm has a market capitalization of C$8.25 billion and a price-to-earnings ratio of -155.00. The stock has a 50 day moving average price of C$21.27 and a 200 day moving average price of C$16.88. Cameco has a 52-week low of C$11.84 and a 52-week high of C$24.57.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Wednesday, February 10th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.13. The company had revenue of C$550.00 million for the quarter. Analysts forecast that Cameco will post 0.27 earnings per share for the current year.

About Cameco

Cameco Corporation produces and sells uranium. The company operates in 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. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada.

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