Cameco (TSE:CCO) Stock Gets Price Target Cut from National Bank Financial

Key Points

• National Bank Financial lowered Cameco’s price target from C$184 to C$178 while maintaining an “outperform” rating, implying roughly 70% upside from the previous close.
• Analyst sentiment remains positive: Cameco has a consensus “Buy” rating and an average price target of C$179.76, supported by Strong Buy and Buy recommendations from multiple firms.
• Cameco shares fell 2.9% to C$104.50, near their 1-year low, while the company recently reported quarterly revenue of C$619.06 million and EPS of C$(0.01).

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target decreased by investment analysts at National Bank Financial from C$184.00 to C$178.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 70.33% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their price target on Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Truist Financial upgraded Cameco to a "strong-buy" rating in a research report on Monday, July 13th. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the stock a "buy" rating in a report on Thursday, September 3rd. UBS Group upgraded shares of Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price target on the stock in a research note on Monday, July 27th. Finally, Royal Bank Of Canada set a C$184.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cameco has a consensus rating of "Buy" and an average target price of C$179.76.

Cameco Stock Down 2.9%

Shares of TSE:CCO traded down C$3.10 during midday trading on Monday, reaching C$104.50. The company had a trading volume of 691,805 shares, compared to its average volume of 1,028,007. The company has a quick ratio of 3.74, a current ratio of 2.55 and a debt-to-equity ratio of 13.95. The business's 50 day moving average price is C$127.11 and its 200 day moving average price is C$144.53. The stock has a market cap of C$45.51 billion, a PE ratio of 129.01, a P/E/G ratio of 2.22 and a beta of 1.19. Cameco has a 1-year low of C$103.29 and a 1-year high of C$182.72.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its quarterly earnings results on Friday, October 30th. The company reported C($0.01) EPS for the quarter. Cameco had a net margin of 11.43% and a return on equity of 5.61%. The firm had revenue of C$619.06 million during the quarter.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.

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