Zacks Investment Research downgraded Cameco Corporation (USA) (NYSE:CCJ) to Strong Sell in a statement released earlier today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded Cameco Corporation (USA) (NYSE:CCJ) to Strong Sell in a statement released on 10/11/2016.
On Wednesday August 10, 2016, RBC Capital released a statement on Cameco Corporation (USA) (NYSE:CCJ) bumped down the target price from $17.00 to $15.00 that suggested an upside of 0.58%.
Having a price of $7.94, Cameco Corporation (USA) (NYSE:CCJ) traded -0.25% lower on the day. The last closing price is down -25.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Cameco Corporation (USA) has recorded a 50-day average of $8.83 and a two hundred day average of $10.67. 2,139,765 shares of CCJ traded hands, down from an average trading volume of 2,189,920
Recent Performance Chart
Cameco Corporation (USA) has one year low of $7.86 and a one year high of $14.52 and has a market cap of $0.
Also covering Cameco Corporation (USA)'s target, a total of 8 equity analysts have issued a ratings update on Cameco Corporation (USA). The 12-month price target is $16.78 with 1 broker rating the stock a strong buy, 6 equity analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokerages rating the company a sell.
General Company Details For Cameco Corporation (USA) (NYSE:CCJ)
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, Key Lake and Cigar Lake.
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