Cameco (TSE:CCO) Stock Gets Price Target Cut from National Bank Financial

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective cut by National Bank Financial from C$184.00 to C$178.00 in a report published on Monday,BayStreet reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Truist Financial upgraded Cameco to a “strong-buy” rating in a research report on Monday, July 13th. UBS Group upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective for the company in a research report on Monday, July 27th. Royal Bank Of Canada set a C$184.00 price objective on shares of Cameco and gave the company an “outperform” rating in a research note on Thursday, September 24th. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, Barclays lowered their target price on shares of Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$179.18.

Cameco Stock Performance

Shares of Cameco stock opened at C$100.07 on Monday. The business’s fifty day simple moving average is C$124.59 and its 200 day simple moving average is C$143.74. The firm has a market capitalization of C$43.58 billion, a P/E ratio of 109.97, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Cameco has a 12 month low of C$97.15 and a 12 month high of C$182.72. The company has a current ratio of 2.55, a quick ratio of 3.74 and a debt-to-equity ratio of 13.95.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Friday, October 30th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$619.06 million during the quarter. Cameco had a net margin of 11.43% and a return on equity of 5.61%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.