Cameco Co. (CCO) Given Sector Perform Rating at Scotiabank
Scotiabank restated their sector perform rating on shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) in a research report sent to investors on Wednesday. The firm currently has a C$12.50 price target on the stock.
Other analysts also recently issued research reports about the stock. Dundee Securities restated a buy rating and set a C$17.50 price target on shares of Cameco in a report on Monday, August 8th. Paradigm Capital cut their price target on shares of Cameco from C$25.50 to C$19.50 and set a buy rating for the company in a report on Wednesday, August 3rd. TD Securities cut their price target on shares of Cameco from C$15.50 to C$14.50 and set a hold rating for the company in a report on Friday, July 29th. RBC Capital Markets cut their price target on shares of Cameco from C$17.00 to C$15.00 and set an outperform rating for the company in a report on Wednesday, August 10th. Finally, Royal Bank Of Canada cut their price target on shares of Cameco from C$17.00 to C$15.00 and set an outperform rating for the company in a report on Thursday, August 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of C$16.41.
Shares of Cameco (TSE:CCO) opened at 12.45 on Wednesday. The stock has a market cap of $4.93 billion and a price-to-earnings ratio of 69.17. 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 $11.11 and its 200-day moving average price is $12.80.
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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