Scotia Capital announced Cameco Corporation (TSE:CCO), reducing its target price to $13.50 earlier today
- Updated: September 18, 2016
Showing a price of $12.39, Cameco Corporation (TSE:CCO) traded 0.43% lower on the day. With the last stock close down 20.25% from the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same period. The company has been tracking to a 50-day moving average of $12.19 and 200-day average of $14.53. 2,267,952 shares of CCO were exchanged, up from ann average volume of 1,114,060
Stating a possible upside of 0.09%, Scotia Capital dropped the target price of Cameco Corporation (TSE:CCO) to $14
Previously on 7/29/2016, BMO Capital Markets reported on Cameco Corporation(TSE:CCO) lowered the target price from $20.00 to $17.00 that indicated a possible upside of 0.36%.
Also covering Cameco Corporation’s stock price target, a total of 11 analysts have reported on CCO. The average target is $13.08 with two firms rating the company a strong buy, six firms rating the stock a buy, three firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analysts rating the company as sell.
Cameco Corporation has a one-year low of $11.30 and a one-year high of $19.11 and has a market capitalization of $0.0.
More About Cameco Corporation (TSE:CCO)
Cameco Corporation (Cameco) is a uranium producer. The Company 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. Cameco’s Canadian uranium joint operation interests are McArthur River, and Key Lake and Cigar Lake.
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