Royal Bank of Canada Reaffirms “Sector Perform” Rating for Cameco (CCO)

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Cameco (TSE:CCO) (NYSE:CCJ)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research report issued on Thursday, BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. TD Securities cut shares of Cameco from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$20.00 to C$17.50 in a research note on Thursday. Raymond James reissued an “outperform” rating and set a C$18.00 price objective on shares of Cameco in a research note on Tuesday, February 12th. BMO Capital Markets boosted their price objective on shares of Cameco from C$16.50 to C$17.50 in a research note on Monday, February 11th. Finally, CIBC boosted their price objective on shares of Cameco from C$16.00 to C$17.00 in a research note on Monday, January 21st.

Shares of TSE CCO opened at C$14.62 on Thursday. Cameco has a 52-week low of C$12.31 and a 52-week high of C$17.12. The firm has a market cap of $5.64 billion and a PE ratio of 61.17. The company has a debt-to-equity ratio of 30.16, a current ratio of 2.55 and a quick ratio of 1.67.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Friday, February 8th. The company reported C$0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.26. The company had revenue of C$831.00 million for the quarter. As a group, sell-side analysts expect that Cameco will post 0.210000005890603 EPS for the current fiscal year.

Cameco Company Profile

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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