Cameco (TSE:CCO) Price Target Lowered to C$77.00 at TD Securities

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price objective lowered by research analysts at TD Securities from C$90.00 to C$77.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 35.09% from the company's current price.

Several other equities analysts have also commented on the stock. National Bankshares decreased their price objective on shares of Cameco from C$87.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Sanford C. Bernstein upgraded Cameco to a "strong-buy" rating in a research report on Tuesday, April 1st. Desjardins upgraded Cameco to a "moderate buy" rating in a report on Thursday, April 3rd. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Scotiabank reduced their price target on shares of Cameco from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Six research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$83.22.

Cameco Trading Down 0.4 %

Shares of TSE CCO traded down C$0.25 during mid-day trading on Tuesday, reaching C$57.00. 802,142 shares of the company's stock were exchanged, compared to its average volume of 1,243,016. The firm has a market capitalization of C$25.09 billion, a price-to-earnings ratio of 215.36, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18. The company's 50-day moving average is C$60.79 and its 200-day moving average is C$70.25. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

About Cameco

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.