Scotiabank Reiterates Sector Perform Rating for Cameco Co. (CCO)
Cameco Co. (TSE:CCO)‘s stock had its “sector perform” rating reaffirmed by analysts at Scotiabank in a report issued on Tuesday. They currently have a C$13.50 price target on the stock. Scotiabank’s price objective indicates a potential upside of 16.98% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. RBC Capital Markets lowered their price objective on Cameco from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. Royal Bank Of Canada lowered their price objective on Cameco from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Paradigm Capital lowered their price objective on Cameco from C$25.50 to C$19.50 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. TD Securities lowered their price objective on Cameco from C$15.50 to C$14.50 and set a “hold” rating for the company in a research report on Friday, July 29th. Finally, Dundee Securities reaffirmed a “buy” rating and set a C$17.50 price objective on shares of Cameco in a research report on Monday, August 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$17.95.
Shares of Cameco (TSE:CCO) traded up 0.78% on Tuesday, reaching $11.63. The company had a trading volume of 706,461 shares. The company’s 50-day moving average price is $12.16 and its 200 day moving average price is $14.46. The firm’s market capitalization is $4.60 billion. Cameco has a 52 week low of $11.30 and a 52 week high of $19.11.
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In related news, insider Tim Scott Gitzel acquired 7,800 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was bought 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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