National Bank Financial Issues Pessimistic Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target decreased by research analysts at National Bank Financial from C$184.00 to C$178.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial‘s price objective would suggest a potential upside of 70.33% from the stock’s previous close.

A number of other equities analysts also recently commented on CCO. Royal Bank Of Canada set a C$184.00 target price on Cameco and gave the company an “outperform” rating in a report on Thursday, September 24th. Barclays cut their price target on shares of Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Jefferies Financial Group set a C$190.00 price objective on shares of Cameco and gave the company a “buy” rating in a research report on Thursday, September 3rd. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price for the company in a research report on Monday, July 27th. Finally, Truist Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$179.76.

Cameco Trading Down 2.9%

Shares of TSE CCO traded down C$3.10 during midday trading on Monday, reaching C$104.50. The company had a trading volume of 691,805 shares, compared to its average volume of 1,028,007. Cameco has a one year low of C$103.29 and a one year high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 2.55 and a debt-to-equity ratio of 13.95. The firm’s fifty day moving average price is C$127.11 and its 200-day moving average price is C$144.53. The stock has a market cap of C$45.51 billion, a PE ratio of 129.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Friday, October 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. Cameco had a return on equity of 5.61% and a net margin of 11.43%. The company had revenue of C$619.06 million for the quarter.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.