What Next for Cameco Corporation Stock After Today’s Huge Decline?


The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 1.29 million shares traded hands or 7.50% up from the average. Cameco Corporation (TSE:CCO) has declined 31.35% since February 5, 2016 and is downtrending. It has underperformed by 47.84% the S&P500.
The move comes after 6 months negative chart setup for the $4.49 billion company. It was reported on Sep, 13 by Barchart.com. We have $10.79 PT which if reached, will make TSE:CCO worth $224.50M less.

Out of 7 analysts covering Cameco Corporation (TSE:CCO), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Cameco Corporation has been the topic of 16 analyst reports since September 21, 2015 according to StockzIntelligence Inc.

Cameco Corporation is a uranium producer. The company has a market cap of $4.49 billion. The Firm 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. It currently has negative earnings. The Firm operates through three divisions: uranium, fuel services and NUKEM.

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