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

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

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

Cameco Trading Down 3.1 %

Shares of CCO traded down C$2.01 on Tuesday, reaching C$63.50. 544,370 shares of the company’s stock were exchanged, compared to its average volume of 1,262,391. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18. The stock has a market capitalization of C$27.95 billion, a P/E ratio of 239.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. 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 business has a 50 day moving average price of C$67.39 and a two-hundred day moving average price 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.