Cameco Receives Average Recommendation of “Hold” from Analysts (TSE:CCO)
Cameco (TSE:CCO) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, AR Network reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$25.71.
Cameco (TSE:CCO) traded down 1.02% during mid-day trading on Monday, hitting $21.44. The stock had a trading volume of 723,849 shares. Cameco has a 52-week low of $17.95 and a 52-week high of $28.57. The stock’s 50-day moving average is $24.25 and its 200-day moving average is $23.39. The company has a market cap of $8.485 billion and a P/E ratio of 27.07.
Cameco (TSE:CCO) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Analysts expect that Cameco will post $0.86 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Dundee Securities reiterated a “neutral” rating on shares of Cameco in a research note on Wednesday, April 30th. They now have a C$25.00 price target on the stock, down previously from C$27.50. Separately, analysts at Credit Suisse cut their price target on shares of Cameco from C$26.00 to C$25.00 in a research note on Wednesday, April 30th. Finally, analysts at TD Securities downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. They now have a C$26.00 price target on the stock, down previously from C$29.00.
Cameco Corporation (TSE:CCO) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
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