Raymond James Financial Has Lowered Expectations for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lowered by Raymond James Financial from C$180.00 to C$175.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 9.70% from the company’s current price.

Other equities analysts have also issued reports about the stock. Bank of America boosted their price target on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. TD Securities raised their target price on shares of Cameco from C$150.00 to C$185.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group dropped their price target on Cameco from C$190.00 to C$185.00 in a research report on Tuesday. National Bank Financial increased their price target on Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, BMO Capital Markets boosted their price objective on Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$165.69.

Cameco Stock Up 3.5%

Shares of CCO opened at C$159.52 on Tuesday. The stock has a 50 day moving average price of C$147.90 and a 200 day moving average price of C$128.37. Cameco has a one year low of C$49.75 and a one year high of C$182.72. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market capitalization of C$69.48 billion, a price-to-earnings ratio of 118.16, a PEG ratio of 2.22 and a beta of 1.24.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The company had revenue of C$1.20 billion for 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.