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

Cameco (TSE:CCO) (NYSE:CCJ) had its price target reduced by equities researchers at Scotiabank from C$155.00 to C$150.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential downside of 3.16% from the company’s current price.

A number of other research firms also recently commented on CCO. Desjardins raised their price objective on Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada cut their price target on shares of Cameco from C$160.00 to C$150.00 in a report on Thursday, November 13th. Stifel Nicolaus boosted their price objective on shares of Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Raymond James Financial lifted their target price on shares of Cameco from C$165.00 to C$180.00 in a report on Monday, February 9th. Finally, UBS Group raised Cameco to a “hold” rating in a research report on Monday, November 10th. One equities 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$165.69.

Cameco Trading Up 0.6%

CCO stock traded up C$0.95 on Tuesday, hitting C$154.89. 469,747 shares of the company were exchanged, compared to its average volume of 1,163,236. The stock has a market capitalization of C$67.44 billion, a price-to-earnings ratio of 128.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The business’s fifty day moving average is C$146.80 and its two-hundred day moving average is C$127.77. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

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. The company had revenue of C$1.20 billion during 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.