Royal Bank Of Canada Reiterates “Outperform” Rating for Cameco Co. (CCO)
Cameco Co. (TSE:CCO) (NYSE:CCJ)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Tuesday.
Several other analysts have also recently issued reports on CCO. RBC Capital Markets decreased their price objective on Cameco from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. TD Securities decreased their price objective on Cameco from C$15.50 to C$14.50 and set a “hold” rating for the company in a report on Friday, July 29th. Paradigm Capital decreased their price objective on Cameco from C$25.50 to C$19.50 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Scotiabank reissued a “sector perform” rating and issued a C$15.50 price objective on shares of Cameco in a report on Friday, July 29th. Finally, BMO Capital Markets decreased their price objective on Cameco from C$17.00 to C$15.00 in a report on Thursday, September 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Cameco has a consensus rating of “Buy” and an average target price of C$16.41.
Shares of Cameco (TSE:CCO) traded down 0.32% during mid-day trading on Tuesday, reaching $12.27. 489,437 shares of the company’s stock traded hands. Cameco has a 12-month low of $9.88 and a 12-month high of $17.67. The firm’s 50 day moving average price is $11.02 and its 200-day moving average price is $12.82. The stock has a market cap of $4.86 billion and a price-to-earnings ratio of 68.17.
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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