Cameco (CCO) PT Raised to C$12.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price boosted by equities researchers at Scotiabank from C$10.00 to C$12.00 in a research note issued on Tuesday. The brokerage currently has an “underperform” rating on the stock. Scotiabank’s price objective would suggest a potential downside of 8.88% from the stock’s current price.

CCO has been the topic of a number of other reports. Royal Bank Of Canada reduced their target price on shares of Cameco from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. TD Securities reduced their target price on shares of Cameco from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Raymond James Financial reduced their target price on shares of Cameco from C$15.00 to C$14.00 in a research report on Monday, October 23rd. Finally, BMO Capital Markets reduced their target price on shares of Cameco from C$17.00 to C$15.00 in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$14.14.

Cameco (TSE:CCO) opened at C$13.17 on Tuesday. Cameco has a 1 year low of C$9.90 and a 1 year high of C$17.65.

In other Cameco news, Director James Kitchener Gowans acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average cost of C$12.52 per share, for a total transaction of C$100,160.00.

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About Cameco

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily 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.

Analyst Recommendations for Cameco (TSE:CCO)

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