Cameco Corp (CCO) Given Average Rating of “Hold” by Analysts
Shares of Cameco Corp (TSE:CCO) (NYSE:CCJ) have received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$15.19.
A number of research firms have recently issued reports on CCO. Royal Bank of Canada lifted their price objective on shares of Cameco from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Friday, July 27th. Raymond James lifted their price objective on shares of Cameco from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. BMO Capital Markets lifted their price objective on shares of Cameco from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Eight Capital lifted their price objective on shares of Cameco from C$15.00 to C$18.00 in a research note on Thursday, September 27th. Finally, TD Securities lowered shares of Cameco from a “buy” rating to a “hold” rating and set a C$16.50 price objective on the stock. in a research note on Tuesday, June 26th.
TSE CCO traded down C$0.26 during mid-day trading on Thursday, hitting C$15.14. The company’s stock had a trading volume of 761,617 shares, compared to its average volume of 1,200,692. Cameco has a 52-week low of C$9.90 and a 52-week high of C$16.00.
In related news, insider Scott Mchardy purchased 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was acquired at an average price of C$14.00 per share, for a total transaction of C$54,600.00.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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