Analyst Price Target Update on Cameco Corporation (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ): 5 analysts have set the short term price target of Cameco Corporation (NYSE:CCJ) at $17.18. The standard deviation of short term price target has been estimated at $4.72, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 24 and $12 respectively.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Scotiabank downgrades its outlook on Cameco Corporation (NYSE:CCJ). The current rating of the shares is Sector Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on April 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Cameco Corporation (NYSE:CCJ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.68% at $11.62 with 1,290,433 shares getting traded. Post opening the session at $11.65, the shares hit an intraday low of $11.57 and an intraday high of $11.77 and the price was in this range throughout the day. The company has a market cap of $4,599 million and the number of outstanding shares have been calculated to be 395,792,520 shares. The 52-week high of Cameco Corporation (NYSE:CCJ) is $15.36 and the 52-week low is $10.31.

Cameco Corporation (Cameco) 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. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration, development, mining and milling activities through joint operations located around the world. Camecos Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake.

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