Cameco Corp (TSE:CCO) Price Target Raised to C$14.50 at Scotiabank
Cameco Corp (TSE:CCO) (NYSE:CCJ) had its price objective increased by investment analysts at Scotiabank from C$14.00 to C$14.50 in a research note issued on Friday, July 28th. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 18.37% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Cameco Corp from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. CSFB dropped their target price on shares of Cameco Corp from C$13.50 to C$10.00 in a research report on Tuesday, July 18th. TD Securities dropped their target price on shares of Cameco Corp from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$18.00 target price on shares of Cameco Corp in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$15.07.
Cameco Corp (TSE:CCO) opened at 12.25 on Friday. The firm has a 50-day moving average of $12.48 and a 200 day moving average of $13.64. The firm’s market cap is $4.85 billion. Cameco Corp has a 52-week low of $9.88 and a 52-week high of $17.65.
Cameco Corp (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.03. The firm had revenue of $469.74 million for the quarter. Cameco Corp had a negative net margin of 0.35% and a negative return on equity of 0.12%. During the same quarter last year, the firm posted ($0.14) EPS. On average, equities research analysts forecast that Cameco Corp will post $0.30 earnings per share for the current year.
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About Cameco Corp
Cameco Corporation produces and sells uranium worldwide. It 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 McArthur River/Key Lake, Cigar Lake, and Rabbit Lake properties 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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