Cameco (TSE:CCO) Given New C$139.00 Price Target at Sanford C. Bernstein

Cameco (TSE:CCO) (NYSE:CCJ) had its target price cut by Sanford C. Bernstein from C$141.00 to C$139.00 in a report released on Thursday,BayStreet.CA reports.

CCO has been the subject of several other reports. Royal Bank Of Canada decreased their price objective on shares of Cameco from C$160.00 to C$150.00 in a report on Thursday, November 13th. Scotiabank upped their target price on Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. BMO Capital Markets lifted their price target on Cameco from C$130.00 to C$160.00 in a research report on Tuesday, November 4th. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a research note on Monday, September 22nd. Finally, Stifel Nicolaus upped their price objective on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cameco has a consensus rating of “Buy” and a consensus target price of C$141.30.

Cameco Stock Performance

CCO stock opened at C$146.57 on Thursday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$63.82 billion, a P/E ratio of 121.13, a P/E/G ratio of 2.22 and a beta of 1.19. Cameco has a 12-month low of C$49.75 and a 12-month high of C$153.59. The stock’s 50 day simple moving average is C$127.22 and its 200 day simple moving average is C$116.33.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%. The business had revenue of C$614.56 million during the quarter.

Cameco Company Profile

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. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.