Cameco (CCO) Price Target Raised to C$18.00 at TD Securities
Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by equities researchers at TD Securities from C$15.00 to C$18.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 32.45% from the stock’s previous close.
A number of other analysts have also weighed in on CCO. Royal Bank Of Canada lowered their target price on Cameco from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Friday, October 20th. Raymond James Financial lowered their target price on Cameco from C$15.00 to C$14.00 in a report on Monday, October 23rd. BMO Capital Markets lowered their target price on Cameco from C$17.00 to C$15.00 in a report on Monday, October 30th. Finally, Scotiabank increased their price objective on Cameco from C$9.50 to C$10.00 and gave the company an “underperform” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$14.14.
Cameco (TSE:CCO) traded up C$1.55 during 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 one year low of C$9.90 and a one year high of C$17.65.
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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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