Cameco Corporation (CCJ) : The highest short term price target forecast on Cameco Corporation (CCJ) is $24 and the lowest target price is $12. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $16.46 with a standard deviation of $4.45.
Cameco Corporation (CCJ) has shown a drop of 7.2% or 487,598 shares in the short positions. The bets have increased to 6,282,143 shares on June 30,2016 from 6,769,741 shares on June 15,2016. With respect to the floated shares, the shorts are 1.6%. The days to cover are calculated to be 4, using the standard per day volume of 1,702,981 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Scotiabank downgrades its rating on Cameco Corporation (NYSE:CCJ). The shares have been rated Sector Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on April 7, 2016.
Cameco Corporation (NYSE:CCJ): stock turned positive on Thursday. Though the stock opened at $10.79, the bulls momentum made the stock top out at $10.965 level for the day. The stock recorded a low of $10.75 and closed the trading day at $10.92, in the green by 2.25%. The total traded volume for the day was 1,981,694. The stock had closed at $10.68 in the previous days trading.
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.