Analyst Rating Update on Cameco Corporation (CCJ)

Cameco Corporation (NYSE:CCJ) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cameco Corporation (NYSE:CCJ) stock is expected to deviate a maximum of $4.45 from the average target price of $16.46 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $12.

For the current week, the company shares have a recommendation consensus of Buy. Also, Scotiabank downgrades its rating on Cameco Corporation (NYSE:CCJ). Analysts at the Scotiabank have a current rating of Sector Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 7, 2016.

Cameco Corporation (NYSE:CCJ): On Tuesdays trading session , Opening price of the stock was $10.79 with an intraday high of $10.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.41. However, the stock managed to close at $10.54, a loss of 0.78% for the day. On the previous day, the stock had closed at $10.6226. The total traded volume of the day was 2,324,190 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.