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

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its target price reduced by Scotiabank from C$85.00 to C$81.00 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. TD Securities decreased their price target on shares of Cameco from C$91.00 to C$90.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Six investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and a consensus price target of C$84.80.

Cameco Stock Down 1.9 %

Shares of TSE:CCO traded down C$1.14 during midday trading on Tuesday, reaching C$59.90. 914,229 shares of the company were exchanged, compared to its average volume of 1,245,986. The firm has a market cap of C$26.36 billion, a PE ratio of 226.32, a P/E/G ratio of 2.22 and a beta of 0.90. 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 fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The stock has a fifty day simple moving average of C$66.56 and a two-hundred day simple moving average of C$70.20.

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.