BMO Capital Markets Lowers Cameco Co. (CCO) Price Target to C$15.00
Cameco Co. (TSE:CCO) had its price objective dropped by BMO Capital Markets from C$17.00 to C$15.00 in a research report issued to clients and investors on Thursday. BMO Capital Markets’ price objective would indicate a potential upside of 33.81% from the stock’s current price.
CCO has been the subject of a number of other research reports. Dundee Securities reissued a “buy” rating and set a C$17.50 target price on shares of Cameco in a research report on Monday, August 8th. Paradigm Capital dropped their target price on shares of 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. Scotiabank reissued a “sector perform” rating and set a C$15.50 target price on shares of Cameco in a research report on Friday, July 29th. TD Securities dropped their target price on shares of 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. Finally, RBC Capital Markets dropped their target price on shares of 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$17.80.
Shares of Cameco (TSE:CCO) opened at 11.21 on Thursday. Cameco has a 12 month low of $11.05 and a 12 month high of $19.11. The stock’s market cap is $4.44 billion. The stock’s 50 day moving average is $11.91 and its 200 day moving average is $14.19.
In related news, insider Tim Scott Gitzel purchased 7,800 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average price of C$12.69 per share, with a total value 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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