Cameco (TSE:CCO) Price Target Cut to C$81.00 by Analysts at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lowered by investment analysts at Scotiabank from C$85.00 to C$81.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 31.13% from the company’s current price.

Several other research analysts also recently issued reports on CCO. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. TD Securities cut their price target on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, February 21st. Six research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$84.80.

Cameco Stock Down 2.7 %

Shares of TSE CCO opened at C$61.77 on Tuesday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a 50-day moving average price of C$67.06 and a 200 day moving average price of C$70.12. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The stock has a market capitalization of C$27.19 billion, a price-to-earnings ratio of 233.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

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.