Cameco (TSE:CCO) Reaches New 12-Month Low – Here’s What Happened

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as C$109.84 and last traded at C$110.12, with a volume of 446,581 shares trading hands. The stock had previously closed at C$115.22.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCO shares. Jefferies Financial Group set a C$190.00 price target on Cameco and gave the stock a “buy” rating in a report on Thursday, September 3rd. TD set a C$190.00 price objective on shares of Cameco and gave the company a “buy” rating in a report on Thursday, September 24th. Royal Bank Of Canada set a C$184.00 target price on shares of Cameco and gave the company an “outperform” rating in a research report on Thursday, September 24th. National Bank Financial set a C$185.00 target price on shares of Cameco and gave the company an “outperform” rating in a research report on Monday, October 5th. Finally, Barclays lowered their target price on shares of Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Cameco presently has an average rating of “Buy” and an average target price of C$179.89.

Cameco Stock Performance

The firm has a 50-day simple moving average of C$130.30 and a two-hundred day simple moving average of C$140.67. 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 company has a market capitalization of C$48.15 billion, a price-to-earnings ratio of 136.48, 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, July 31st. The company reported C$0.18 earnings per share for the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%. The firm had revenue of C$813.77 million during the quarter.

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.