Cameco (TSE:CCO) Price Target Lowered to C$147.00 at Barclays

Cameco (TSE:CCO) (NYSE:CCJ) had its target price trimmed by Barclays from C$149.00 to C$147.00 in a research note published on Thursday,BayStreet.CA reports.

CCO has been the subject of several other reports. Canaccord Genuity Group lifted their price target on shares of Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Scotia increased their price objective on shares of Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. TD raised their target price on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, National Bank Financial lifted their target price on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$176.17.

Cameco Price Performance

Shares of CCO opened at C$122.71 on Thursday. The firm has a market cap of C$53.44 billion, a price-to-earnings ratio of 82.36, a PEG ratio of 2.22 and a beta of 0.81. The stock has a 50 day moving average of C$146.20 and a 200-day moving average of C$153.16. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. Cameco has a 52 week low of C$95.60 and a 52 week high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$845.37 million for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.

Insider Activity at Cameco

In other news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the completion of the transaction, the insider owned 20 shares in the company, valued at approximately C$2,970.60. This represents a 93.75% decrease in their ownership of the stock. Corporate insiders own 0.15% of the company’s stock.

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.