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Cameco (TSE:CCO) was upgraded by stock analysts at Canaccord Genuity from a “sell” rating to a “hold” rating in a report issued on Friday.

Cameco (TSE:CCO) opened at 20.52 on Friday. 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 $22.48 and its 200-day moving average is $23.55. The company has a market cap of $8.121 billion and a P/E ratio of 26.84.

Cameco (TSE:CCO) last posted its quarterly earnings results 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.

A number of other analysts have also recently weighed in on CCO. 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$26.08.

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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