Short Term Rating on Cameco Corporation (CCJ)

Cameco Corporation (CCJ) : 4 analysts are covering Cameco Corporation (CCJ) and their average rating on the stock is 1.75, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cameco Corporation (CCJ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cameco Corporation (CCJ) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $12. The average forecast of all the analysts is $16.46 and the expected standard deviation is $4.45.

For the current week, the company shares have a recommendation consensus of Buy.


Cameco Corporation (NYSE:CCJ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.70 and $10.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.79, notching a gain of 2.08% for the day. The total traded volume was 2,262,756 . The stock had closed at $10.57 on the previous day.

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.