Cameco (TSE:CCO) Price Target Lowered to C$175.00 at Raymond James Financial

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lowered by Raymond James Financial from C$180.00 to C$175.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. UBS Group raised shares of Cameco to a “hold” rating in a research note on Monday, November 10th. Canaccord Genuity Group cut their price objective on shares of Cameco from C$190.00 to C$185.00 in a report on Tuesday. Desjardins upped their price objective on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, National Bank Financial lifted their target price on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of C$165.69.

Cameco Trading Up 0.1%

TSE:CCO opened at C$154.06 on Tuesday. Cameco has a 12 month low of C$49.75 and a 12 month high of C$182.72. The business’s 50-day moving average is C$147.30 and its two-hundred day moving average is C$128.15. 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 firm 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 posted its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion during the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.

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.