Raymond James Financial, Inc. Trims Cameco Corp (CCO) Target Price to C$14.00
Cameco Corp (TSE:CCO) (NYSE:CCJ) had its target price reduced by equities research analysts at Raymond James Financial, Inc. from C$15.00 to C$14.00 in a research note issued on Monday. Raymond James Financial, Inc.’s price objective indicates a potential upside of 24.33% from the company’s current price.
Several other research firms also recently commented on CCO. Royal Bank Of Canada restated an “outperform” rating and set a C$16.00 target price on shares of Cameco Corp in a research report on Thursday, June 29th. CSFB cut their target price on Cameco Corp from C$13.50 to C$10.00 in a research report on Tuesday, July 18th. Finally, Scotiabank raised their target price on Cameco Corp from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cameco Corp currently has a consensus rating of “Buy” and a consensus target price of C$14.81.
Shares of Cameco Corp (TSE CCO) traded down 0.97% on Monday, reaching $11.26. The company had a trading volume of 636,050 shares. The firm’s market capitalization is $4.46 billion. Cameco Corp has a 12 month low of $9.93 and a 12 month high of $17.65. The company’s 50-day moving average is $11.97 and its 200 day moving average is $12.74.
Cameco Corp (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Thursday, July 27th. The company reported C($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of C($0.14) by C$0.03. The company had revenue of C$469.74 million during the quarter. Cameco Corp had a negative return on equity of 0.12% and a negative net margin of 0.35%. During the same quarter in the prior year, the business posted ($0.14) EPS. Equities analysts forecast that Cameco Corp will post $0.18 earnings per share for the current year.
About Cameco Corp
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily 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.
Receive News & Ratings for Cameco Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco Corp and related companies with MarketBeat.com's FREE daily email newsletter.