TD Securities Has Lowered Expectations for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target decreased by TD Securities from C$91.00 to C$90.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 45.47% from the stock’s current price.

CCO has been the subject of several other reports. Raymond James raised their price target on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. BMO Capital Markets raised their target price on shares of Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Scotiabank raised their target price on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Finally, Eight Capital raised their target price on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Six investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$85.30.

Cameco Price Performance

Shares of CCO opened at C$61.87 on Friday. The stock has a market capitalization of C$27.23 billion, a P/E ratio of 233.76, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18. The company has a 50 day moving average of C$72.89 and a 200-day moving average of C$69.05. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

Insiders Place Their Bets

In other Cameco news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of Cameco stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Company insiders own 0.15% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.