TD Securities Issues Pessimistic Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target decreased by TD Securities from C$90.00 to C$77.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

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

Cameco Price Performance

Shares of Cameco stock opened at C$57.01 on Tuesday. The stock’s fifty day moving average is C$61.66 and its 200 day moving average is C$70.34. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The stock has a market cap of C$25.09 billion, a P/E ratio of 215.40, a P/E/G ratio of 2.22 and a beta of 0.90.

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.