Cameco (TSE:CCO) Reaches New 52-Week Low – Here’s What Happened

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s share price hit a new 52-week low during trading 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 traded. The stock had previously closed at C$116.63.

Wall Street Analysts Forecast Growth

CCO has been the subject of a number of analyst reports. TD set a C$190.00 price objective on Cameco and gave the company a “buy” rating in a report on Thursday, September 24th. Truist Financial raised shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. Royal Bank Of Canada set a C$184.00 target price on shares of Cameco and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Jefferies Financial Group set a C$190.00 price objective on shares of Cameco and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, National Bank Financial set a C$185.00 price target on shares of Cameco and gave the stock an “outperform” rating in a report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of C$180.18.

Cameco Stock Performance

The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06. The business’s fifty day simple moving average is C$127.60 and its 200-day simple moving average is C$144.76. The company has a market capitalization of C$45.73 billion, a P/E ratio of 129.63, a P/E/G ratio of 2.22 and a beta of 1.19.

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

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.