Cameco Corporation Can’t Be More Safe. Trades Significantly Higher

 Cameco Corporation Can't Be More Safe. Trades Significantly Higher

The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 93,094 shares traded hands. Cameco Corporation (TSE:CCO) has declined 22.96% since April 20, 2016 and is downtrending. It has underperformed by 28.37% the S&P500.
The move comes after 5 months positive chart setup for the $4.98B company. It was reported on Nov, 24 by Barchart.com. We have $13.45 PT which if reached, will make TSE:CCO worth $348.60M 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 50.20% above today’s ($12.57) stock price. Cameco Corporation has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Friday, July 29 by Scotia Capital. The company was maintained on Tuesday, September 20 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 “Outperform” rating by RBC Capital Markets given on Friday, January 29. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, November 22. The stock of Cameco Corporation (TSE:CCO) has “Hold” rating given on Tuesday, November 22 by TD Securities. Scotia Capital maintained Cameco Corporation (TSE:CCO) rating on Thursday, November 3. Scotia Capital has “Sector Perform” rating and $12.50 price target. RBC Capital Markets maintained the shares of CCO in a report on Tuesday, November 24 with “Outperform” rating. The firm earned “Outperform” rating on Wednesday, September 2 by Scotia Capital.

More notable recent Cameco Corporation (TSE:CCO) news were published by: Seekingalpha.com which released: “Cameco: The Turnaround Has Arrived” on November 23, 2016, also Fool.com with their article: “Cameco Corp: A Company Whose Fate is Intertwined with Asia’s” published on November 11, 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: “Uranium Prices Set to Double: Time to Buy Cameco Corporation” published on November 14, 2016 as well as Fool.ca‘s news article titled: “Is it Time to Buy Cameco Corporation?” with publication date: November 09, 2016.

Cameco Corporation is a uranium producer. The company has a market cap of $4.98 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 68.28 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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