What’s in Cameco Corporation After Today’s Huge Increase?

 What's in Cameco Corporation After Today's Huge Increase?

The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 236,902 shares traded hands. Cameco Corporation (TSE:CCO) has declined 24.87% since April 8, 2016 and is downtrending. It has underperformed by 29.86% the S&P500.
The move comes after 7 months positive chart setup for the $4.63B company. It was reported on Nov, 14 by Barchart.com. We have $15.44 PT which if reached, will make TSE:CCO worth $1.34 billion 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 $12 is the lowest. The $18.88 average target is 57.73% above today’s ($11.97) stock price. Cameco Corporation has been the topic of 22 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Cameco Corporation (TSE:CCO) earned “Sector Perform” rating by RBC Capital Markets on Monday, May 30. The firm has “Outperform” rating given on Wednesday, September 2 by Scotia Capital. The rating was maintained by Scotia Capital on Friday, July 29 with “Sector Perform”. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, September 20. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 24. The stock of Cameco Corporation (TSE:CCO) earned “Outperform” rating by RBC Capital Markets on Friday, January 29. The stock of Cameco Corporation (TSE:CCO) earned “Sector Perform” rating by Scotia Capital on Thursday, November 3.

More notable recent Cameco Corporation (TSE:CCO) news were published by: Fool.com which released: “Cameco Corp: A Company Whose Fate is Intertwined with Asia’s” on November 11, 2016, also Fool.ca with their article: “Uranium Prices Set to Double: Time to Buy Cameco Corporation” published on November 14, 2016, Fool.com published: “Cameco Corporation Posted a Surprisingly Good Third-Quarter Earnings Report” on November 07, 2016. More interesting news about Cameco Corporation (TSE:CCO) were released by: Fool.ca and their article: “Is it Time to Buy Cameco Corporation?” published on November 09, 2016 as well as Fool.ca‘s news article titled: “Has the Turnaround of Cameco Corporation Taken Hold?” with publication date: November 10, 2016.

Cameco Corporation is a uranium producer. The company has a market cap of $4.63 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 has a 65.02 P/E ratio. 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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