Cameco’s (CCO) Hold Rating Reiterated at TD Securities
Cameco Co. (TSE:CCO) (NYSE:CCJ)‘s stock had its “hold” rating reiterated by analysts at TD Securities in a research note issued on Tuesday. They currently have a C$12.00 price target on the stock. TD Securities’ price target would suggest a potential downside of 2.52% from the stock’s current price.
Several other brokerages have also issued reports on CCO. Dundee Securities reaffirmed a “buy” rating and set a C$17.50 price target on shares of Cameco in a research note on Monday, August 8th. RBC Capital Markets cut their price target on Cameco from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Scotiabank reaffirmed a “sector perform” rating and set a C$15.50 price target on shares of Cameco in a research note on Friday, July 29th. BMO Capital Markets cut their price target on Cameco from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Finally, Paradigm Capital cut their target price on Cameco from C$25.50 to C$19.50 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$16.41.
Cameco (TSE:CCO) remained flat at $12.31 during trading on Tuesday. 1,139,088 shares of the stock were exchanged. The stock’s 50 day moving average is $11.02 and its 200 day moving average is $12.82. The stock has a market cap of $4.87 billion and a price-to-earnings ratio of 68.39. Cameco has a 12-month low of $9.88 and a 12-month high of $17.67.
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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