Cameco (TSE:CCO) Price Target Cut to C$150.00 by Analysts at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its price target trimmed by Scotiabank from C$155.00 to C$150.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CCO has been the subject of several other research reports. TD Securities increased their price target on shares of Cameco from C$150.00 to C$185.00 in a research note on Thursday, January 22nd. UBS Group raised shares of Cameco to a “hold” rating in a research report on Monday, November 10th. Bank of America increased their price objective on Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Stifel Nicolaus raised their target price on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group decreased their price target on Cameco from C$190.00 to C$185.00 in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$165.69.

Cameco Stock Up 0.1%

Shares of CCO opened at C$154.06 on Tuesday. Cameco has a 52-week low of C$49.75 and a 52-week high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The stock has a fifty day simple moving average of C$147.30 and a two-hundred day simple moving average of C$128.15. The company has a market capitalization of C$67.08 billion, a PE ratio of 127.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%. The firm had revenue of C$1.20 billion during the quarter.

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. 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.