Cameco Co. (TSE:CCO) had its target price lowered by BMO Capital Markets from C$17.00 to C$15.00 in a report issued on Thursday. BMO Capital Markets’ price objective would suggest a potential upside of 33.81% from the company’s current price.
CCO has been the subject of several other reports. CSFB set a C$15.50 target price on Cameco in a report on Thursday, June 30th. Royal Bank Of Canada reduced their price objective on Cameco from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Scotiabank reissued a “sector perform” rating and issued a C$13.50 price objective on shares of Cameco in a research report on Tuesday, September 20th. RBC Capital Markets reduced their price objective on Cameco from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. Finally, TD Securities reduced their price objective on Cameco from C$15.50 to C$14.50 and set a “hold” rating for the company in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Cameco currently has an average rating of “Buy” and a consensus price target of C$17.80.
Shares of Cameco (TSE:CCO) opened at 11.21 on Thursday. The firm has a 50-day moving average price of $11.91 and a 200-day moving average price of $14.19. Cameco has a 1-year low of $11.05 and a 1-year high of $19.11. The company’s market capitalization is $4.44 billion.
In related news, insider Tim Scott Gitzel acquired 7,800 shares of the company’s stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of C$12.69 per share, for a total transaction of C$98,982.00.
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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