Cameco (TSE:CCO) Price Target Cut to C$90.00 by Analysts at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its price target cut by TD Securities from C$91.00 to C$90.00 in a report released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on CCO. Raymond James boosted their price target on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. National Bankshares boosted their price target on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Scotiabank boosted their price target on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Royal Bank of Canada boosted their price target on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Finally, Eight Capital boosted their price target on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$85.30.

Cameco Price Performance

Shares of TSE:CCO opened at C$61.87 on Friday. The company has a 50 day moving average of C$73.19 and a 200 day moving average of C$69.10. The stock has a market cap of C$27.23 billion, a P/E ratio of 233.76, a P/E/G 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 company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

Insider Activity

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$81.17, for a total transaction of C$121,755.00. 0.15% of the stock is owned by corporate insiders.

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.