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

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective dropped by Scotiabank from C$85.00 to C$81.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 31.13% from the stock’s previous close.

A number of other analysts have also weighed in on CCO. TD Securities cut their price objective on Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating and four have issued a strong buy 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$84.80.

Cameco Trading Down 2.7 %

Shares of CCO stock opened at C$61.77 on Tuesday. The stock has a market capitalization of C$27.19 billion, a P/E ratio of 233.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The company has a 50 day moving average price of C$67.06 and a 200 day moving average price of C$70.12.

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.