Cameco (CCO) PT Lowered to C$15.00 at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its target price cut by equities research analysts at TD Securities from C$18.00 to C$15.00 in a report issued on Monday. TD Securities’ target price would indicate a potential upside of 35.75% from the stock’s current price.

Several other research analysts have also recently commented on the company. 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 research note on Friday, October 20th. Scotiabank lowered their target price on Cameco from C$9.50 to C$9.00 and set an “underperform” rating for the company in a research note on Thursday, November 9th. Raymond James Financial lowered their target price on Cameco from C$15.00 to C$14.00 in a research note on Monday, October 23rd. CSFB lowered their target price on Cameco from C$11.50 to C$11.25 in a research note on Monday, January 8th. Finally, BMO Capital Markets lowered 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, two have issued a hold rating and three have issued a buy rating to the stock. Cameco presently has a consensus rating of “Hold” and an average target price of C$13.53.

Cameco (TSE:CCO) traded up C$0.32 on Monday, reaching C$11.05. The company had a trading volume of 1,560,000 shares, compared to its average volume of 1,360,000. Cameco has a 1 year low of C$9.90 and a 1 year high of C$16.17. The firm has a market cap of $4,370.00, a PE ratio of -15.14 and a beta of 0.81.

In related news, Director James Kitchener Gowans bought 8,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of C$12.52 per share, with a total value of C$100,160.00.

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About Cameco

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.

Analyst Recommendations for Cameco (TSE:CCO)

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