Several other research firms have also recently weighed in on CCO. CSFB set a C$15.50 price objective on shares of Cameco in a research report on Thursday, June 30th. Dundee Securities reaffirmed a buy rating and set a C$17.50 price objective on shares of Cameco in a research report on Monday, August 8th. RBC Capital Markets cut their price objective on shares of Cameco from C$17.00 to C$15.00 and set an outperform rating for the company in a research report on Wednesday, August 10th. Scotiabank reaffirmed a sector perform rating and set a C$15.50 price objective on shares of Cameco in a research report on Friday, July 29th. Finally, TD Securities cut their price objective on shares of Cameco from C$15.50 to C$14.50 and set a hold rating for the company in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$17.80.
Shares of Cameco (TSE:CCO) opened at 10.71 on Thursday. The firm’s market cap is $4.24 billion. The stock’s 50 day moving average is $11.81 and its 200 day moving average is $14.06. Cameco has a 12 month low of $10.69 and a 12 month high of $19.11.
In other news, insider Tim Scott Gitzel acquired 7,800 shares of the stock in a transaction dated Monday, August 8th. The stock was bought at an average price of C$12.69 per share, with a total value of C$98,982.00.
Cameco Corporation (Cameco) is a uranium producer. The Company 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.
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