What’s Ahead for Cameco Corporation After Today’s Huge Decline?


 What's Ahead for Cameco Corporation After Today's Huge Decline?

The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 566,535 shares traded hands. Cameco Corporation (TSE:CCO) has declined 32.59% since March 10, 2016 and is downtrending. It has underperformed by 38.20% the S&P500.
The move comes after 8 months negative chart setup for the $4.21 billion company. It was reported on Oct, 17 by Barchart.com. We have $9.68 PT which if reached, will make TSE:CCO worth $294.70M less.

Cameco Corporation (TSE:CCO) Ratings Coverage

Out of 7 analysts covering Cameco Corporation (TSE:CCO), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $27 is the highest target while $13.50 is the lowest. The $19.81 average target is 90.30% above today’s ($10.41) stock price. Cameco Corporation has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, November 24 by RBC Capital Markets. The firm has “Sector Perform” rating given on Friday, July 29 by Scotia Capital. The company was maintained on Monday, May 30 by RBC Capital Markets. Scotia Capital maintained Cameco Corporation (TSE:CCO) rating on Tuesday, September 20. Scotia Capital has “Sector Perform” rating and $13.50 price target. The stock of Cameco Corporation (TSE:CCO) has “Outperform” rating given on Wednesday, September 2 by Scotia Capital. RBC Capital Markets maintained Cameco Corporation (TSE:CCO) on Friday, January 29 with “Outperform” rating.

More notable recent Cameco Corporation (TSE:CCO) news were published by: Fool.ca which released: “Cameco Corporation Has Explosive Growth Potential” on October 17, 2016, also Fool.ca with their article: “Can Cameco Corporation Survive Weak Uranium Prices?” published on October 13, 2016, Fool.com published: “3 Reasons Cameco Corporation’s Stock Could Rise” on October 04, 2016. More interesting news about Cameco Corporation (TSE:CCO) were released by: Fool.ca and their article: “Cameco Corporation or Crescent Point Energy Corp.: Which Is a Better …” published on October 14, 2016 as well as Fool.com‘s news article titled: “3 Reasons Cameco Corporation’s Stock Could Fall” with publication date: September 23, 2016.

Cameco Corporation is a uranium producer. The company has a market cap of $4.21 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.

CCO Company Profile

Clear Channel Outdoor Holdings, Inc., incorporated on August 11, 1995, is an outdoor advertising company. The Firm owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. The Firm operates in two divisions: Americas outdoor advertising (Americas) and International outdoor advertising (International). The Firm owns or operates more than 650,000 advertising displays around the world.

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