Brokerage Firm Rating Update on Cameco Corporation (CCJ)

Cameco Corporation (CCJ) : The consensus on Cameco Corporation (CCJ) based on 5 analyst recommendation on the company stock is 2.2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Cameco Corporation (CCJ).

Cameco Corporation (CCJ) : 5 investment research analysts covering Cameco Corporation (CCJ) have an average price target of $13.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $9 for the short term. Analysts expect the variance to be within $2.75 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Bank of America downgrades its rating on Cameco Corporation (NYSE:CCJ). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 21, 2016.

Cameco Corporation (NYSE:CCJ): stock was range-bound between the intraday low of $9.35 and the intraday high of $9.59 after having opened at $9.51 on Wednesdays session. The stock finally closed in the red at $9.51, a loss of -1.26%. The stock remained in the red for the whole trading day. The total traded volume was 1,568,175 shares. The stock failed to cross $9.59 in Wednesdays trading. The stocks closing price on Thursday was $9.49.

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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