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

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective cut by Sanford C. Bernstein from C$141.00 to C$139.00 in a report released on Thursday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. BMO Capital Markets raised their price target on shares of Cameco from C$130.00 to C$160.00 in a research report on Tuesday, November 4th. Stifel Nicolaus increased their target price on shares of Cameco from C$150.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Bank of America raised their target price on Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada reduced their price target on Cameco from C$160.00 to C$150.00 in a report on Thursday, November 13th. Finally, UBS Group upgraded Cameco to a “hold” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$141.30.

Cameco Stock Up 2.1%

Cameco stock opened at C$149.64 on Thursday. The business’s 50-day moving average price is C$127.35 and its 200 day moving average price is C$116.83. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$65.15 billion, a price-to-earnings ratio of 123.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Cameco has a 52 week low of C$49.75 and a 52 week high of C$158.85.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$614.56 million during 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.