Is Cameco Corporation’s Fuel For Real? The Stock Just Boosted Again

 Is Cameco Corporation's Fuel For Real? The Stock Just Boosted Again

The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 2.44 million shares traded hands or 117.86% up from the average. Cameco Corporation (TSE:CCO) has declined 40.17% since March 29, 2016 and is downtrending. It has underperformed by 42.69% the S&P500.
The move comes after 6 months positive chart setup for the $4.19 billion company. It was reported on Nov, 2 by Barchart.com. We have $17.13 PT which if reached, will make TSE:CCO worth $2.35B more.

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 80.42% above today’s ($10.98) stock price. Cameco Corporation has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Sector Perform”. The stock of Cameco Corporation (TSE:CCO) has “Sector Perform” rating given on Monday, May 30 by RBC Capital Markets. The company was maintained on Friday, January 29 by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, November 24 by RBC Capital Markets. The stock of Cameco Corporation (TSE:CCO) has “Outperform” rating given on Wednesday, September 2 by Scotia Capital. The firm earned “Sector Perform” rating on Tuesday, September 20 by Scotia Capital.

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.ca with their article: “Cameco Corporation Has Explosive Growth Potential” published on October 17, 2016, Fool.ca published: “Bombardier, Inc. or Cameco Corporation: Is 1 a Better Contrarian Bet?” on October 24, 2016. More interesting news about Cameco Corporation (TSE:CCO) were released by: Fool.ca and their article: “Can Cameco Corporation Survive Weak Uranium Prices?” published on October 13, 2016 as well as Fool.ca‘s news article titled: “Contrarian Investors: Should You Buy Cameco Corporation or Baytex Energy Corp.?” with publication date: October 07, 2016.

Cameco Corporation is a uranium producer. The company has a market cap of $4.19 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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