Barclays Cuts Cameco (TSE:CCO) Price Target to C$147.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target reduced by Barclays from C$149.00 to C$147.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. Scotia boosted their price target on shares of Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair raised shares of Cameco to a “strong-buy” rating in a research report on Monday, April 20th. National Bank Financial boosted their target price on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, TD upped their target price on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$176.17.

Cameco Trading Down 2.3%

TSE CCO opened at C$119.93 on Thursday. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. The business has a fifty day simple moving average of C$145.40 and a 200 day simple moving average of C$152.92. Cameco has a 12 month low of C$95.60 and a 12 month high of C$182.72. The firm has a market capitalization of C$52.23 billion, a P/E ratio of 80.49, a PEG ratio of 2.22 and a beta of 0.81.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The firm had revenue of C$845.37 million for the quarter.

Insiders Place Their Bets

In related news, insider Alexandre Aubin sold 300 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the completion of the sale, the insider owned 20 shares in the company, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their ownership of the stock. Insiders own 0.15% of the company’s stock.

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.