Cameco Corporation (CCJ) Receives Price Target

Cameco Corporation (CCJ) : Average target price received by Cameco Corporation (CCJ) is $13.33 with an expected standard deviation of $2.75. The most aggressive target on the stock is $16, whereas the most downbeat target is $9. 5 financial analysts are currently covering the stock.

Cameco Corporation (CCJ) : Zacks Investment Research ranks Cameco Corporation (CCJ) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.2, which indicates as a Buy.


Also, Major Brokerage house, Bank of America downgrades its ratings on Cameco Corporation (NYSE:CCJ). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 21, 2016.

Cameco Corporation (NYSE:CCJ): The stock opened at $9.19 on Thursday but the bulls could not build on the opening and the stock topped out at $9.22 for the day. The stock traded down to $9.05 during the day, due to lack of any buying support eventually closed down at $9.13 with a loss of -0.98% for the day. The stock had closed at $9.22 on the previous day. The total traded volume was 3,526,652 shares.

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.

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