Sanford C. Bernstein Has Lowered Expectations for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target decreased by analysts at Sanford C. Bernstein from C$141.00 to C$139.00 in a note issued to investors on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s target price suggests a potential downside of 7.11% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus increased their price target on shares of Cameco from C$150.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Scotiabank upped their target price on Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. UBS Group upgraded Cameco to a “hold” rating in a research note on Monday, November 10th. Raymond James Financial lifted their price target on Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price target on the stock in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of C$141.30.

Cameco Stock Performance

Shares of CCO stock opened at C$149.64 on Thursday. The firm has a market capitalization of C$65.15 billion, a price-to-earnings ratio of 123.67, a PEG ratio of 2.22 and a beta of 1.19. The stock has a fifty day moving average of C$127.35 and a 200 day moving average of C$116.70. Cameco has a 52 week low of C$49.75 and a 52 week high of C$158.85. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%. The business had revenue of C$614.56 million during the quarter.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.