Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CCO. Eight Capital upped their price objective on Cameco from C$38.00 to C$48.00 and gave the company a "buy" rating in a research report on Thursday, April 21st. Raymond James lowered their price objective on Cameco from C$47.00 to C$46.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 19th. Scotiabank upped their price objective on Cameco from C$43.00 to C$44.00 in a research report on Tuesday, August 2nd. Finally, Royal Bank of Canada lowered their price objective on Cameco from C$50.00 to C$45.00 and set an "outperform" rating on the stock in a research report on Friday, May 6th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Cameco has a consensus rating of "Buy" and an average target price of C$41.27.
Cameco Price Performance
TSE:CCO opened at C$32.51 on Monday. The business's fifty day moving average price is C$30.06 and its 200-day moving average price is C$31.20. The stock has a market capitalization of C$12.95 billion and a price-to-earnings ratio of 216.73. The company has a debt-to-equity ratio of 21.24, a current ratio of 6.02 and a quick ratio of 4.51. Cameco has a 1-year low of C$19.68 and a 1-year high of C$41.05.
Cameco (TSE:CCO - Get Rating) (NYSE:CCJ) last released its quarterly earnings results on Wednesday, July 27th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C($0.02) by C$0.20. The firm had revenue of C$558.00 million for the quarter. On average, equities analysts predict that Cameco will post 0.9499999 earnings per share for the current year.