Cameco (CCO) Given New C$14.00 Price Target at BMO Capital Markets
Several other research firms also recently issued reports on CCO. TD Securities upgraded shares of Cameco from a hold rating to a buy rating and upped their price objective for the company from C$16.50 to C$18.00 in a report on Thursday, July 26th. CIBC upped their price objective on shares of Cameco from C$13.00 to C$14.00 in a report on Monday, July 30th. Raymond James upped their price objective on shares of Cameco from C$13.50 to C$15.50 and gave the company an outperform rating in a report on Tuesday, June 12th. Finally, Royal Bank of Canada upped their price objective on shares of Cameco from C$15.00 to C$16.00 and gave the company a sector perform rating in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$14.19.
CCO stock opened at C$12.84 on Thursday. Cameco has a one year low of C$9.90 and a one year high of C$15.95.
In other Cameco news, insider Scott Mchardy purchased 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were bought at an average price of C$14.00 per share, for a total transaction of C$54,600.00.
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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