Cameco (TSE:CCO) Price Target Lowered to C$185.00 at Canaccord Genuity Group

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective dropped by analysts at Canaccord Genuity Group from C$190.00 to C$185.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 19.44% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. Stifel Nicolaus upped their target price on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Royal Bank Of Canada decreased their price objective on Cameco from C$160.00 to C$150.00 in a report on Thursday, November 13th. Sanford C. Bernstein upped their price target on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Finally, Bank of America lifted their price target on Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of C$165.69.

Cameco Trading Up 0.6%

CCO traded up C$0.95 during trading hours on Tuesday, reaching C$154.89. 469,747 shares of the company’s stock traded hands, compared to its average volume of 1,163,236. The firm has a 50-day moving average price of C$146.80 and a 200 day moving average price of C$127.77. The firm has a market capitalization of C$67.44 billion, a PE ratio of 128.01, a PEG ratio of 2.22 and a beta of 1.24. 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 has a 52-week low of C$49.75 and a 52-week high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. The business had revenue of C$1.20 billion during 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.