Cameco (TSE:CCO) PT Lowered to C$11.25 at CSFB

Cameco (TSE:CCO) (NYSE:CCJ) had its price target decreased by CSFB from C$11.50 to C$11.25 in a note issued to investors on Monday, January 8th. CSFB’s price target points to a potential downside of 2.51% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Raymond James Financial dropped their price target on Cameco from C$15.00 to C$14.00 in a research report on Monday, October 23rd. BMO Capital Markets dropped their price target on Cameco from C$17.00 to C$15.00 in a research report on Monday, October 30th. TD Securities raised their price objective on Cameco from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Royal Bank of Canada decreased their price objective on Cameco from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Finally, Scotiabank raised their price objective on Cameco from C$10.00 to C$12.00 and gave the stock an “underperform” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$14.32.

Cameco (TSE CCO) traded up C$0.22 during midday trading on Monday, reaching C$11.54. The company had a trading volume of 1,368,906 shares, compared to its average volume of 1,298,705. The stock has a market cap of $4,480.00, a P/E ratio of -15.81 and a beta of 0.93. Cameco has a 12-month low of C$9.90 and a 12-month high of C$16.17.

In other news, Director James Kitchener Gowans bought 8,000 shares of Cameco stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price 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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