Cameco (CCO) Price Target Raised to C$12.00
Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by Scotiabank from C$10.00 to C$12.00 in a report released on Tuesday. The brokerage presently has an “underperform” rating on the stock. Scotiabank’s target price indicates a potential downside of 11.70% from the company’s previous close.
CCO has been the topic of several other reports. Raymond James Financial reduced their price objective on Cameco from C$15.00 to C$14.00 in a research note on Monday, October 23rd. Royal Bank Of Canada cut their target price on Cameco from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. TD Securities cut their target price on Cameco from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Finally, BMO Capital Markets cut their target price on Cameco from C$17.00 to C$15.00 in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$14.14.
Shares of Cameco (TSE:CCO) traded up C$1.55 during midday trading on Tuesday, reaching C$13.59. The company’s stock had a trading volume of 4,456,066 shares, compared to its average volume of 1,400,965. Cameco has a 52 week low of C$9.90 and a 52 week high of C$17.65.
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Cameco Company Profile
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.
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