Scotiabank Reaffirms Sector Perform Rating for Cameco Co. (CCO)
A number of other equities analysts also recently issued reports on CCO. Royal Bank Of Canada reissued a sector perform rating on shares of Cameco in a research note on Monday, May 30th. CSFB set a C$15.50 price target on shares of Cameco in a research note on Thursday, June 30th. BMO Capital Markets decreased their price target on shares of Cameco from C$20.00 to C$17.00 and set an outperform rating for the company in a research note on Friday, July 29th. TD Securities decreased their price target on shares of Cameco from C$15.50 to C$14.50 and set a hold rating for the company in a research note on Friday, July 29th. Finally, Paradigm Capital decreased their price target on shares of Cameco from C$25.50 to C$19.50 and set a buy rating for the company in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Cameco has a consensus rating of Buy and a consensus target price of C$17.95.
Cameco (TSE:CCO) opened at 11.69 on Tuesday. The company has a 50 day moving average price of $12.11 and a 200-day moving average price of $14.39. The company’s market capitalization is $4.63 billion. Cameco has a 52 week low of $11.30 and a 52 week high of $19.11.
In other news, insider Tim Scott Gitzel purchased 7,800 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of C$12.69 per share, for a total transaction 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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