Scotiabank Reaffirms Sector Perform Rating for Cameco Co. (CCO)
Scotiabank restated their sector perform rating on shares of Cameco Co. (TSE:CCO) in a research note issued to investors on Tuesday morning. They currently have a C$13.50 price objective on the stock.
Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada decreased their target price on Cameco from C$17.00 to C$15.00 and set an outperform rating for the company in a research note on Thursday, August 11th. RBC Capital Markets decreased their price target on Cameco from C$17.00 to C$15.00 and set an outperform rating for the company in a research report on Wednesday, August 10th. Dundee Securities reiterated a buy rating and issued a C$17.50 price target on shares of Cameco in a research report on Monday, August 8th. Paradigm Capital decreased their price target on Cameco from C$25.50 to C$19.50 and set a buy rating for the company in a research report on Wednesday, August 3rd. Finally, TD Securities decreased their price target on Cameco from C$15.50 to C$14.50 and set a hold rating for the company in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cameco presently has a consensus rating of Buy and an average price target of C$17.95.
Shares of Cameco (TSE:CCO) opened at 11.69 on Tuesday. The stock’s market cap is $4.63 billion. The stock’s 50 day moving average price is $12.11 and its 200-day moving average price is $14.39. Cameco has a one year low of $11.30 and a one year high of $19.11.
In related news, insider Tim Scott Gitzel acquired 7,800 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average cost of C$12.69 per share, with a total value of C$98,982.00.
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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