The Cameco Co. (CCO) Rating Reiterated by TD Securities

The Cameco Co. (CCO) Rating Reiterated by TD Securities

Cameco Co. (TSE:CCO) (NYSE:CCJ)‘s stock had its “buy” rating restated by investment analysts at TD Securities in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. They presently have a C$21.00 target price on the stock. TD Securities’ price target would suggest a potential upside of 21.25% from the stock’s previous close.

A number of other research analysts have also weighed in on CCO. Scotiabank restated a “sector perform” rating and issued a C$13.50 price objective on shares of Cameco in a report on Tuesday, September 20th. BMO Capital Markets decreased their price objective on Cameco from C$17.00 to C$15.00 in a report on Thursday, September 29th. Royal Bank Of Canada restated an “outperform” rating and issued a C$14.00 price objective on shares of Cameco in a report on Tuesday, November 1st. Finally, CIBC decreased their price objective on Cameco from C$22.00 to C$14.00 in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Cameco has an average rating of “Buy” and a consensus target price of C$17.28.

Shares of Cameco (TSE:CCO) traded down 15.36% during trading on Wednesday, reaching $14.66. 4,764,857 shares of the company’s stock traded hands. Cameco has a one year low of $9.88 and a one year high of $17.67. The company has a 50 day moving average price of $14.27 and a 200-day moving average price of $12.57. The stock has a market cap of $5.80 billion and a P/E ratio of 81.44.

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.31%.

Cameco Company Profile

Cameco Corporation (Cameco) is a uranium producer. The Company 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 Company operates through three segments: uranium, fuel services and NUKEM.

Related posts

Leave a Comment