Cameco (TSE:CCO) Price Target Lowered to C$80.00 at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective decreased by Scotiabank from C$81.00 to C$80.00 in a research note released on Thursday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on CCO. Desjardins upgraded Cameco to a “moderate buy” rating in a report on Thursday, April 3rd. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. TD Securities dropped their target price on Cameco from C$90.00 to C$77.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group lifted their target price on Cameco from C$82.50 to C$83.50 and gave the stock a “buy” rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$82.65.

Cameco Stock Performance

TSE CCO opened at C$73.20 on Thursday. The stock has a market capitalization of C$32.22 billion, a PE ratio of 276.57, a P/E/G ratio of 2.22 and a beta of 0.90. The business has a 50 day simple moving average of C$62.40 and a two-hundred day simple moving average of C$69.30. 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 has a 1-year low of C$48.71 and a 1-year high of C$88.18.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.