Raymond James Financial Lowers Cameco (TSE:CCO) Price Target to C$175.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price dropped by stock analysts at Raymond James Financial from C$180.00 to C$175.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 12.98% from the stock’s current price.

Several other brokerages also recently weighed in on CCO. Royal Bank Of Canada raised their target price on shares of Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Securities upped their target price on Cameco from C$150.00 to C$185.00 in a research report on Thursday, January 22nd. Desjardins raised their price target on Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Sanford C. Bernstein upped their price objective on shares of Cameco from C$139.00 to C$201.00 in a report on Thursday, February 5th. Finally, Canaccord Genuity Group decreased their price objective on shares of Cameco from C$190.00 to C$185.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$165.69.

Cameco Stock Up 0.6%

Shares of TSE CCO traded up C$0.95 during mid-day trading on Tuesday, reaching C$154.89. 469,747 shares of the company were exchanged, compared to its average volume of 1,163,236. Cameco has a 1 year low of C$49.75 and a 1 year high of C$182.72. The firm has a 50-day moving average of C$146.80 and a 200 day moving average of C$127.77. The stock has a market cap of C$67.44 billion, a price-to-earnings ratio of 128.01, a P/E/G ratio of 2.22 and a beta of 1.24. 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 (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Friday, February 13th. The company reported C$0.50 EPS for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%. The business had revenue of C$1.20 billion during the quarter.

Cameco Company Profile

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.