Cameco (TSE:CCO) Price Target Cut to C$11.25

Cameco (TSE:CCO) (NYSE:CCJ) had its target price reduced by equities research analysts at CSFB from C$11.50 to C$11.25 in a research report issued on Monday, January 8th. CSFB’s target price would indicate a potential downside of 5.38% from the stock’s current price.

A number of other research firms have also weighed in on CCO. BMO Capital Markets reduced their price objective on Cameco from C$17.00 to C$15.00 in a research report on Monday, October 30th. Raymond James Financial reduced their price objective on Cameco from C$15.00 to C$14.00 in a research report on Monday, October 23rd. Scotiabank raised their price objective on Cameco from C$9.50 to C$10.00 and gave the company an “underperform” rating in a research report on Monday, October 30th. Royal Bank of Canada reduced their price objective on Cameco from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Monday, October 30th. Finally, TD Securities raised their price objective on Cameco from C$15.00 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$14.32.

Cameco (TSE CCO) opened at C$11.89 on Monday. Cameco has a 52-week low of C$9.90 and a 52-week high of C$17.49. The stock has a market capitalization of $4,710.00, a P/E ratio of -16.29 and a beta of 0.93.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Friday, October 27th. The company reported C($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.26). Cameco had a negative return on equity of 9.83% and a negative net margin of 25.49%.

In other Cameco news, Director James Kitchener Gowans bought 8,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average cost of C$12.52 per share, for a total transaction of C$100,160.00.

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About Cameco

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily 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.

Analyst Recommendations for Cameco (TSE:CCO)

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