Cameco Corp (CCO) Receives C$14.22 Average Target Price from Analysts

Shares of Cameco Corp (TSE:CCO) (NYSE:CCJ) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$14.19.

Several research firms recently weighed in on CCO. TD Securities cut shares of Cameco from a “buy” rating to a “hold” rating and set a C$16.50 price objective for the company. in a research report on Tuesday, June 26th. Royal Bank of Canada boosted their price objective on shares of Cameco from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Friday, July 27th. BMO Capital Markets dropped their price objective on shares of Cameco from C$15.00 to C$14.00 in a research report on Thursday. CIBC boosted their price objective on shares of Cameco from C$13.00 to C$14.00 in a research report on Monday, July 30th. Finally, Raymond James boosted their price objective on shares of Cameco from C$13.50 to C$15.50 and gave the stock an “outperform” rating in a research report on Tuesday, June 12th.

Shares of TSE:CCO traded down C$0.01 during trading on Friday, reaching C$12.87. The stock had a trading volume of 805,365 shares, compared to its average volume of 1,160,585. Cameco has a 52 week low of C$9.90 and a 52 week high of C$15.95.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Wednesday, July 25th. The company reported C($0.07) earnings per share (EPS) for the quarter. Cameco had a negative net margin of 7.57% and a negative return on equity of 5.04%. The firm had revenue of C$333.00 million during the quarter.

In other Cameco news, insider Scott Mchardy bought 3,900 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was bought at an average price of C$14.00 per share, for a total transaction of C$54,600.00.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company 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 Cigar Lake property 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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Analyst Recommendations for Cameco (TSE:CCO)

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