Cameco (TSE:CCO) Sets New 12-Month Low - Here's What Happened

Key Points

• Cameco shares fell sharply to a new 52-week low, trading as low as C$103.29 versus the previous close of C$116.63.
• Despite the decline, analysts remain broadly bullish: the stock has an average “Buy” rating and a consensus price target of C$180.18, well above its recent trading level.
• Cameco reported quarterly revenue of C$619.06 million and EPS of C$(0.01); its valuation remains elevated, with a P/E ratio of 129.63 and a market capitalization of about C$45.73 billion.

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ shares hit a new 52-week low on Friday. The stock traded as low as C$103.29 and last traded at C$104.00, with a volume of 238,415 shares changing hands. The stock had previously closed at C$116.63.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCO. TD set a C$190.00 price target on Cameco and gave the stock a "buy" rating in a research note on Thursday, September 24th. Jefferies Financial Group set a C$190.00 price target on Cameco and gave the company a "buy" rating in a report on Thursday, September 3rd. National Bank Financial set a C$185.00 target price on shares of Cameco and gave the company an "outperform" rating in a research note on Monday, October 5th. Royal Bank Of Canada set a C$184.00 price objective on shares of Cameco and gave the stock an "outperform" rating in a research note on Thursday, September 24th. Finally, UBS Group raised shares of Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price target on the stock in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$180.18.

Cameco Stock Performance

The firm has a 50 day moving average of C$127.60 and a two-hundred day moving average of C$144.76. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The stock has a market cap of C$45.73 billion, a PE ratio of 129.63, a PEG ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its earnings results on Friday, October 30th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$619.06 million during the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%.

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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