Cameco (TSE:CCO) Given New C$81.00 Price Target at Scotiabank

Cameco (TSE:CCO) (NYSE:CCJ) had its target price dropped by equities research analysts at Scotiabank from C$85.00 to C$81.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 27.56% from the company’s previous close.

CCO has been the topic of several other reports. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. TD Securities decreased their target price on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Six analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$84.80.

Cameco Stock Down 3.1 %

Shares of Cameco stock traded down C$2.01 during midday trading on Tuesday, hitting C$63.50. The company’s stock had a trading volume of 544,370 shares, compared to its average volume of 1,262,391. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The firm has a market capitalization of C$27.95 billion, a P/E ratio of 239.92, a PEG ratio of 2.22 and a beta of 0.90. 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 stock has a 50-day simple moving average of C$67.39 and a 200-day simple moving average of C$70.01.

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.