After Today’s Huge Decline, Is Cameco Corporation’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Cameco Corporation's Near Term Analysis Negative?

The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 521,629 shares traded hands. Cameco Corporation (TSE:CCO) has declined 36.94% since March 24, 2016 and is downtrending. It has underperformed by 40.41% the S&P500.
The move comes after 5 months negative chart setup for the $4.12 billion company. It was reported on Oct, 31 by Barchart.com. We have $9.45 PT which if reached, will make TSE:CCO worth $370.80 million 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. Cameco Corporation has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Outperform” rating given on Tuesday, November 24 by RBC Capital Markets. As per Friday, July 29, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained the shares of CCO in a report on Monday, May 30 with “Sector Perform” rating. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, September 20. The stock has “Outperform” rating given by Scotia Capital on Wednesday, September 2.

More notable recent Cameco Corporation (TSE:CCO) news were published by: Fool.com which released: “3 Reasons Cameco Corporation’s Stock Could Rise” on October 04, 2016, also Fool.com with their article: “3 Reasons Cameco Corporation’s Stock Could Fall” published on September 23, 2016, Fool.com published: “Why You Should (and Shouldn’t) Buy Cameco Corporation” on September 16, 2016. More interesting news about Cameco Corporation (TSE:CCO) were released by: Fool.com and their article: “Why Cameco Corporation Shares Fell 12% in July” published on August 09, 2016 as well as Fool.com‘s news article titled: “The 3 Biggest Opportunities for Cameco Corporation” with publication date: August 25, 2016.

Cameco Corporation is a uranium producer. The company has a market cap of $4.12 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.TO Company Profile

Cameco Corporation (Cameco), incorporated on January 1, 1997, is a uranium producer. 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. The Firm operates through three divisions: uranium, fuel services and NUKEM. Cameco conducts a portion of its exploration, development, mining and milling activities through joint activities located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake. The Company’s subsidiaries include Cameco Fuel Manufacturing Inc. (CFM), Cameco Inc., Power Resources, Inc., Crow Butte Resources, Inc., NUKEM Investments GmbH, Cameco Australia Pty. Ltd. and Cameco Europe Ltd.

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