BMO Capital Markets reiterates “Hold” rating for Cameco (TSE:CCO)
Cameco (TSE: CCO) (NYSE: CCJ)The action was reiterated by BMO Capital Markets analysts in a research report released on Friday, TipRanks reports. They currently have a price target of C$33.00 on the stock. BMO Capital Markets’ price target would indicate a potential upside of 16.28% from the current share price.
CCO has been the subject of several other reports. Eight Capital upgraded Cameco’s shares from a “neutral” rating to a “buy” rating and raised its target price for the stock from C$35.00 to C$38.00 in a research report Thursday. Raymond James restated an “outperform” rating and set a target price of C$34.00 on Cameco shares in a research report Thursday. Cfra raised its price target on Cameco shares from C$22.00 to C$30.00 and gave the stock a “buy” rating in a Tuesday, November 2 research report. Canaccord Genuity Group raised its target price on Cameco shares from C$34.00 to C$37.00 in a research report on Thursday. Finally, CIBC assumed coverage for Cameco shares in a report on Wednesday, January 19. They issued a “buy” rating and a price target of C$37.00 on the stock. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the stock has a consensus buy rating and an average price target of C$35.18.
CCO traded at C$0.13 on Friday, reaching C$28.38. 838,940 shares of the company were traded, against an average volume of 1,816,145. The company has a debt ratio of 20.94, a quick ratio of 4.65 and a current ratio of 6.34. The company’s 50-day moving average is C$27.52 and its 200-day moving average is C$27.12. Cameco has a fifty-two week minimum of C$18.41 and a fifty-two week maximum of C$35.47. The company has a market capitalization of C$11.30 billion and a P/E ratio of -330.00.
In other news, Senior Officer Tim Scott Gitzel acquired 4,089 shares of the company in a transaction that took place on Tuesday, January 4. The shares were purchased at an average cost of CA$26.81 per share, for a total transaction of CA$109,626.09. As a result of the transaction, the insider now directly owns 373,924 shares of the company, valued at approximately C$10,024,902.44.
Cameco Company Profile
Cameco Corporation produces and sells uranium. It operates in two segments, uranium and fuel services. The Uranium segment is involved in the exploration, mining and milling, as well as the purchase and sale of uranium concentrate. The Fuel Services segment is engaged in the refining, conversion and manufacture of uranium concentrate, as well as the purchase and sale of conversion services.
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