Cameco (CCO) Given New C$16.00 Price Target at CIBC

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by CIBC from C$14.00 to C$16.00 in a research note published on Wednesday morning.

A number of other research firms have also commented on CCO. Royal Bank of Canada upped their price objective on shares of Cameco from C$15.00 to C$16.00 and gave the company a sector perform rating in a research note on Monday. Raymond James reaffirmed an outperform rating and issued a C$18.00 price objective on shares of Cameco in a research note on Monday. TD Securities upped their price objective on shares of Cameco from C$18.00 to C$20.00 and gave the company a buy rating in a research note on Friday, September 28th. BMO Capital Markets upped their price objective on shares of Cameco from C$14.00 to C$16.00 and gave the company an outperform rating in a research note on Thursday, September 27th. Finally, Eight Capital boosted their target price on shares of Cameco from C$15.00 to C$18.00 in a research report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$15.42.

Shares of TSE:CCO traded down C$0.23 during trading on Wednesday, reaching C$16.12. The stock had a trading volume of 625,219 shares, compared to its average volume of 1,203,107. Cameco has a 52 week low of C$10.50 and a 52 week high of C$16.70.

About Cameco

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.

Further Reading: Rule of 72

Analyst Recommendations for Cameco (TSE:CCO)

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