Cameco (TSE:CCO) Price Target Lowered to C$90.00 at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its target price decreased by stock analysts at TD Securities from C$91.00 to C$90.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 44.35% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. National Bankshares upped their target price on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. BMO Capital Markets raised their target price on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Scotiabank raised their price objective on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Raymond James upped their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Finally, Royal Bank of Canada lifted their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Six investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus price target of C$85.30.

Cameco Trading Down 5.4 %

Shares of TSE:CCO traded down C$3.57 during trading hours on Friday, hitting C$62.35. 973,415 shares of the company’s stock traded hands, compared to its average volume of 1,237,807. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The business has a fifty day moving average price of C$73.19 and a 200-day moving average price of C$69.10. The firm has a market capitalization of C$27.44 billion, a P/E ratio of 235.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

Insider Transactions at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’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 Cameco stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$81.17, for a total value of C$121,755.00. Corporate insiders own 0.15% of the company’s stock.

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.