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

Cameco (TSE:CCO) (NYSE:CCJ) had its price target decreased by equities research analysts at TD Securities from C$90.00 to C$77.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 33.91% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CCO. Scotiabank cut their price target on Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. 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 research note on Thursday, April 3rd. Finally, National Bankshares dropped their price target on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus price target of C$83.22.

Cameco Stock Up 0.3 %

TSE CCO traded up C$0.20 on Tuesday, hitting C$57.50. 302,025 shares of the company were exchanged, compared to its average volume of 1,245,856. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company has a market cap of C$25.31 billion, a PE ratio of 217.25, a PEG ratio of 2.22 and a beta of 0.90. The stock has a fifty day moving average of C$61.91 and a 200-day moving average of C$70.43. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18.

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.