Stock Worth Mentioning: Cameco Corporation (USA) Can’t Be More Safe. Trades Significantly Higher

Stock Worth Mentioning: Cameco Corporation (USA) Can't Be More Safe. Trades Significantly Higher

The stock of Cameco Corporation (USA) (NYSE:CCJ) is a huge mover today! About 2.35 million shares traded hands. Cameco Corporation (USA) (NYSE:CCJ) has declined 28.87% since April 14, 2016 and is downtrending. It has underperformed by 33.55% the S&P500.
The move comes after 8 months positive chart setup for the $3.67B company. It was reported on Nov, 16 by Barchart.com. We have $12.85 PT which if reached, will make NYSE:CCJ worth $1.47B more.

Cameco Corporation (USA) (NYSE:CCJ) Ratings Coverage

Out of 4 analysts covering Cameco (NYSE:CCJ), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Cameco has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co on Thursday, August 6 with “Market Perform”. The firm has “Sector Perform” rating given on Thursday, April 7 by Scotia Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 3 report. The company was downgraded on Thursday, July 21 by Bank of America.

According to Zacks Investment Research, “Cameco Corporation is the world’s largest publicly traded uranium company and a growing gold producer. Its uranium products are used to generate electricity in nuclear power plants around the world, providing one of the cleanest sources of energy available today.”

More notable recent Cameco Corporation (USA) (NYSE:CCJ) news were published by: Fool.ca which released: “Uranium Prices Set to Double: Time to Buy Cameco Corporation” on November 14, 2016, also Fool.ca with their article: “Is it Time to Buy Cameco Corporation?” published on November 09, 2016, Fool.ca published: “Contrarian Investors: Should You Buy Cameco Corporation or Baytex Energy Corp.?” on October 07, 2016. More interesting news about Cameco Corporation (USA) (NYSE:CCJ) were released by: Fool.ca and their article: “Cameco Corporation: Should You Buy the Bounce?” published on November 03, 2016 as well as Fool.ca‘s news article titled: “Cameco Corporation: How Low Could This Stock Go?” with publication date: September 21, 2016.

CCJ 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment