Cameco (TSE:CCO) Price Target Lowered to C$81.00 at National Bankshares

Cameco (TSE:CCO) (NYSE:CCJ) had its target price reduced by National Bankshares from C$87.00 to C$81.00 in a report issued on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

CCO has been the subject of several other research reports. Scotiabank reduced their price target on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, TD Securities decreased their price target on 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 research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus price target of C$84.20.

Cameco Stock Down 6.6 %

TSE:CCO opened at C$53.83 on Wednesday. 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 firm has a market cap of C$23.69 billion, a P/E ratio of 203.39, a P/E/G 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 firm has a 50-day simple moving average of C$64.51 and a two-hundred day simple moving average of C$70.45.

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.