Could Cameco Corporation See a Reversal After This Very Weak Session?

 Could Cameco Corporation See a Reversal After This Very Weak Session?

The stock of Cameco Corporation (TSE:CCO) is a huge mover today! About 224,084 shares traded hands. Cameco Corporation (TSE:CCO) has declined 24.71% since April 22, 2016 and is downtrending. It has underperformed by 30.73% the S&P500.
The move comes after 7 months negative chart setup for the $4.84B company. It was reported on Nov, 28 by Barchart.com. We have $11.25 PT which if reached, will make TSE:CCO worth $435.60 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. $27 is the highest target while $12 is the lowest. The $18.88 average target is 52.75% above today’s ($12.36) stock price. Cameco Corporation has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Cameco Corporation (TSE:CCO) rating on Thursday, November 3. Scotia Capital has “Sector Perform” rating and $12.50 price target. The rating was maintained by Scotia Capital on Friday, July 29 with “Sector Perform”. The rating was maintained by TD Securities on Tuesday, November 22 with “Hold”. The stock of Cameco Corporation (TSE:CCO) earned “Sector Perform” rating by RBC Capital Markets on Monday, May 30. RBC Capital Markets maintained Cameco Corporation (TSE:CCO) rating on Friday, January 29. RBC Capital Markets has “Outperform” rating and $24 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, November 24. Scotia Capital maintained the shares of CCO in a report on Tuesday, September 20 with “Sector Perform” rating. The stock of Cameco Corporation (TSE:CCO) has “Outperform” rating given on Tuesday, November 22 by RBC Capital Markets. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, September 2.

More notable recent Cameco Corporation (TSE:CCO) news were published by: Fool.ca which released: “Fukushima Earthquake Alert: Should Cameco Corporation Investors Tread With …” on November 25, 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 $4.84 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 67.14 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.

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