TD Securities Has Lowered Expectations for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective cut by analysts at TD Securities from C$90.00 to C$77.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 33.91% from the stock’s previous close.

CCO has been the subject of several other reports. Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, April 1st. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Scotiabank reduced their price objective on Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. National Bankshares reduced their price target on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Finally, Desjardins upgraded Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Six investment analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$83.22.

Cameco Trading Up 0.3 %

Shares of TSE:CCO traded up C$0.20 during trading on Tuesday, reaching C$57.50. The company’s stock had a trading volume of 302,025 shares, compared to its average volume of 1,245,856. The stock has a market capitalization of C$25.31 billion, a PE ratio of 217.25, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18. The firm’s 50 day simple moving average is C$61.91 and its two-hundred day simple moving average is C$70.43. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

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.