TD Securities Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target raised by investment analysts at TD Securities from C$150.00 to C$185.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 10.78% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Cameco from C$160.00 to C$150.00 in a research note on Thursday, November 13th. BMO Capital Markets upped their price target on shares of Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. Scotiabank lifted their price objective on Cameco from C$150.00 to C$155.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Raymond James Financial increased their target price on Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, National Bankshares upped their price target on Cameco from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. 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 company. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus price target of C$143.99.

Cameco Stock Down 1.3%

Shares of TSE:CCO traded down C$2.23 on Thursday, reaching C$167.00. The company had a trading volume of 462,292 shares, compared to its average volume of 1,096,383. The stock has a market capitalization of C$72.71 billion, a P/E ratio of 138.02, a P/E/G ratio of 2.22 and a beta of 1.19. The stock has a 50-day moving average price of C$131.50 and a 200 day moving average price of C$120.12. Cameco has a twelve month low of C$49.75 and a twelve month high of C$174.25. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. The business had revenue of C$614.56 million for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.

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.