Cameco (TSE:CCO) Cut to Hold at TD Securities

TD Securities lowered shares of Cameco (TSE:CCO) (NYSE:CCJ) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on CCO. Raymond James Financial raised their price target on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Berenberg Bank cut their price objective on shares of Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. National Bank Financial increased their target price on shares of Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Sanford C. Bernstein raised their target price on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Finally, Desjardins raised their target price on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$174.85.

Cameco Stock Performance

Shares of Cameco stock opened at C$144.31 on Thursday. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74. The firm has a market cap of C$62.85 billion, a price-to-earnings ratio of 106.90, a price-to-earnings-growth ratio of 2.22 and a beta of 0.67. The stock’s 50-day moving average is C$159.29 and its 200-day moving average is C$138.00. Cameco has a one year low of C$49.75 and a one year high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.The business had revenue of C$1.20 billion 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.