TD Securities Downgrades Cameco (TSE:CCO) to Hold

Cameco (TSE:CCO) (NYSE:CCJ) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Sanford C. Bernstein increased their target price on Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Berenberg Bank lowered their price objective on shares of Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. Stifel Nicolaus boosted 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 report on Wednesday, February 11th. Royal Bank Of Canada upped their target price on shares of Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, National Bank Financial lifted their price target on Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$174.85.

Cameco Trading Down 3.7%

Shares of TSE CCO opened at C$144.99 on Thursday. The stock has a market cap of C$63.15 billion, a price-to-earnings ratio of 107.40, a P/E/G ratio of 2.22 and a beta of 0.67. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 2.47 and a debt-to-equity ratio of 14.82. The company’s fifty day moving average is C$159.65 and its 200-day moving average is C$137.52.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.The firm had revenue of C$1.20 billion for 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.