Cameco Corporation (CCJ) : Analyst Rating Update

Cameco Corporation (CCJ) : The consensus on Cameco Corporation (CCJ) based on 4 analyst recommendation on the company stock is 1.75, 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.

Cameco Corporation (CCJ) : Average target price received by Cameco Corporation (CCJ) is $16.46 with an expected standard deviation of $4.45. The most aggressive target on the stock is $24, whereas the most downbeat target is $12. 5 financial analysts are currently covering the stock.

Cameco Corporation (NYSE:CCJ): The stock opened at $10.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.65 for the day. The stock traded down to $10.48 during the day, due to lack of any buying support eventually closed down at $10.57 with a loss of -0.38% for the day. The stock had closed at $10.61 on the previous day. The total traded volume was 1,531,326 shares.

Also, Scotiabank downgrades its view on Cameco Corporation (NYSE:CCJ) according to the research report released by the firm to its investors. The shares have now been rated Sector Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on April 7, 2016. The company shares have dropped -21.52% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $14.79 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.40 and the 200 Day Moving Average price is recorded at $11.92.

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.

Leave a Reply

Get Pre-Market Alerts!

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