Cameco Co. (CCO) Earns Sector Perform Rating from Scotiabank
Cameco Co. (TSE:CCO)‘s stock had its “sector perform” rating reaffirmed by Scotiabank in a research report issued on Tuesday. They currently have a C$13.50 price target on the stock. Scotiabank’s target price suggests a potential upside of 16.98% from the stock’s previous close.
CCO has been the subject of several other research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Cameco in a report on Monday, May 30th. CSFB set a C$15.50 target price on shares of Cameco in a report on Thursday, June 30th. Dundee Securities restated a “buy” rating and issued a C$17.50 target price on shares of Cameco in a report on Monday, August 8th. RBC Capital Markets lowered their target price on shares of Cameco from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Finally, TD Securities lowered their target price on shares of Cameco from C$15.50 to C$14.50 and set a “hold” rating for the company in a report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$17.95.
Cameco (TSE:CCO) traded up 0.35% during mid-day trading on Tuesday, reaching $11.58. 872,703 shares of the company traded hands. Cameco has a 52 week low of $11.30 and a 52 week high of $19.11. The firm’s market capitalization is $4.58 billion. The stock’s 50 day moving average price is $12.16 and its 200 day moving average price is $14.46.
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In other Cameco news, insider Tim Scott Gitzel acquired 7,800 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of C$12.69 per share, with a total value of C$98,982.00.
Cameco Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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