Raymond James Financial Cuts Cameco (TSE:CCO) Price Target to C$175.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price cut by Raymond James Financial from C$180.00 to C$175.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada raised their price objective on shares of Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a report on Tuesday. Stifel Nicolaus boosted their price target on Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Canaccord Genuity Group decreased their price objective on Cameco from C$190.00 to C$185.00 in a research note on Tuesday. Desjardins upped their price target on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Scotiabank decreased their price target on Cameco from C$155.00 to C$150.00 and set an “outperform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$172.38.

Cameco Stock Up 2.3%

Shares of Cameco stock opened at C$163.11 on Tuesday. 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 twelve month low of C$49.75 and a twelve month high of C$182.72. The company has a market cap of C$71.04 billion, a price-to-earnings ratio of 120.82, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company’s 50 day moving average is C$148.53 and its 200 day moving average is C$128.61.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The firm had revenue of C$1.20 billion for the quarter.

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.