Cameco (TSE:CCO) Lowered to “Hold” Rating by TD Securities

TD Securities downgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks.com reports.

CCO has been the subject of a number of other research reports. Scotiabank decreased their price target on Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Berenberg Bank dropped their price objective on shares of Cameco from C$201.00 to C$183.00 in a research note on Thursday, February 19th. Canaccord Genuity Group reduced their target price on shares of Cameco from C$190.00 to C$185.00 in a research report on Tuesday, February 17th. Stifel Nicolaus upped their target price on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Raymond James Financial raised their price target on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and an average target price of C$174.85.

Cameco Trading Down 3.7%

Shares of CCO opened at C$144.99 on Thursday. Cameco has a 12 month low of C$49.75 and a 12 month high of C$182.72. The stock’s 50-day moving average is C$159.65 and its two-hundred day moving average is C$137.52. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74. The stock has a market cap of C$63.15 billion, a PE ratio of 107.40, a P/E/G ratio of 2.22 and a beta of 0.67.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion during the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.

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.