Sanford C. Bernstein Lowers Cameco (TSE:CCO) Price Target to C$139.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price decreased by investment analysts at Sanford C. Bernstein from C$141.00 to C$139.00 in a research note issued on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s target price would suggest a potential downside of 3.43% from the company’s current price.

Other research analysts have also issued research reports about the stock. BMO Capital Markets raised their target price on shares of Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. TD Securities raised their price objective on shares of Cameco from C$142.00 to C$150.00 in a research note on Thursday, November 13th. Stifel Nicolaus lifted their target price on shares of Cameco from C$150.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price target on the stock in a research note on Monday, September 22nd. Finally, Scotiabank lifted their price objective on Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of C$141.30.

Cameco Trading Up 0.0%

Shares of TSE CCO traded up C$0.05 during midday trading on Thursday, hitting C$143.94. The stock had a trading volume of 542,934 shares, compared to its average volume of 1,079,480. The firm has a market cap of C$62.67 billion, a P/E ratio of 118.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$153.59. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The company’s 50-day simple moving average is C$127.22 and its 200 day simple moving average is C$116.12.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.07 earnings per share (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%.

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.