Scotiabank Cuts Cameco (TSE:CCO) Price Target to C$150.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective cut by Scotiabank from C$155.00 to C$150.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

CCO has been the topic of several other research reports. Canaccord Genuity Group lowered their price objective on shares of Cameco from C$190.00 to C$185.00 in a research report on Tuesday. Raymond James Financial upped their price objective on Cameco from C$165.00 to C$180.00 in a report on Monday, February 9th. Stifel Nicolaus increased their price objective on Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Desjardins boosted their target price on Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Sanford C. Bernstein increased their price target on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus price target of C$172.38.

Cameco Stock Performance

TSE:CCO opened at C$163.11 on Tuesday. The stock has a market cap of C$71.04 billion, a P/E ratio of 120.82, a PEG ratio of 2.22 and a beta of 1.24. 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 business’s 50-day moving average price is C$148.53 and its two-hundred day moving average price is C$128.61. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72.

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

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.