Cameco (TSE:CCO) Price Target Lowered to C$81.00 at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lowered by Scotiabank from C$85.00 to C$81.00 in a research report released on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently commented on the stock. CIBC increased their target price on shares of Cameco from C$74.00 to C$80.00 and gave the stock an outperform rating in a report on Thursday, June 20th. Bank of America increased their target price on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Raymond James increased their target price on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. TD Securities increased their target price on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Cameco from C$80.00 to C$75.00 and set a buy rating for the company in a report on Tuesday, July 30th. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of Buy and an average target price of C$77.67.

Cameco Stock Down 7.3 %

Shares of CCO stock opened at C$52.73 on Thursday. The firm has a fifty day moving average of C$68.87 and a 200-day moving average of C$64.87. The company has a quick ratio of 3.74, a current ratio of 1.42 and a debt-to-equity ratio of 27.96. Cameco has a 12-month low of C$44.01 and a 12-month high of C$76.66. The company has a market capitalization of C$22.92 billion, a price-to-earnings ratio of 97.65, a P/E/G ratio of 2.22 and a beta of 0.93.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of C$70.89, for a total value of C$3,544,500.00. In other news, Senior Officer Sean Anthony Quinn sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$71.99, for a total value of C$2,879,600.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of C$70.89, for a total transaction of C$3,544,500.00. In the last three months, insiders have sold 204,001 shares of company stock worth $14,642,885. Corporate insiders own 0.15% of the company’s stock.

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.