Cameco (CCO) Price Target Raised to C$18.00 at Eight Capital

Cameco (TSE:CCO) (NYSE:CCJ) had its price target raised by analysts at Eight Capital from C$15.00 to C$18.00 in a research note issued to investors on Thursday. Eight Capital’s price objective would indicate a potential upside of 21.79% from the stock’s current price.

A number of other research firms also recently commented on CCO. Raymond James increased 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 note on Tuesday, June 12th. TD Securities upgraded shares of Cameco from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$16.50 to C$18.00 in a research note on Thursday, July 26th. Royal Bank of Canada increased 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 note on Friday, July 27th. BMO Capital Markets downgraded shares of Cameco from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. Finally, CIBC increased their price objective on shares of Cameco from C$13.00 to C$14.00 in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Cameco currently has an average rating of “Hold” and a consensus target price of C$14.75.

Shares of Cameco stock traded up C$1.99 during trading hours on Thursday, reaching C$14.78. 4,257,539 shares of the company’s stock were exchanged, compared to its average volume of 1,171,845. Cameco has a fifty-two week low of C$9.90 and a fifty-two week high of C$15.95.

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

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

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.

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Analyst Recommendations for Cameco (TSE:CCO)

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