Cameco (TSE:CCO) PT Lowered to C$12.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price cut by BMO Capital Markets from C$15.50 to C$12.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Raymond James set a C$15.00 price objective on Cameco and gave the company an outperform rating in a report on Monday, February 10th. CIBC dropped their price objective on Cameco from C$13.00 to C$12.00 in a report on Thursday, January 23rd.

Shares of TSE CCO traded up C$0.15 during trading hours on Wednesday, hitting C$9.30. 2,164,854 shares of the company traded hands, compared to its average volume of 1,074,363. The stock has a market capitalization of $3.84 billion and a price-to-earnings ratio of 49.73. The company has a current ratio of 6.51, a quick ratio of 5.03 and a debt-to-equity ratio of 20.21. The company’s 50 day moving average price is C$10.90 and its 200 day moving average price is C$11.77. Cameco has a 12 month low of C$7.69 and a 12 month high of C$16.24.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Friday, February 7th. The company reported C$0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.21. The company had revenue of C$874.00 million for the quarter. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Equities analysts anticipate that Cameco will post 0.02 EPS for the current year.

About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates in 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. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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