Cameco (TSE:CCO – Free Report) (NYSE:CCJ) had its price target hoisted by Scotiabank from C$110.00 to C$130.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research firms also recently issued reports on CCO. CLSA raised Cameco to a “moderate buy” rating in a research note on Tuesday, September 9th. Royal Bank Of Canada lifted their price objective on Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a research note on Monday, September 22nd. Stifel Nicolaus lifted their price objective on Cameco from C$105.00 to C$115.00 in a research note on Tuesday, July 22nd. Finally, Canaccord Genuity Group lifted their price objective on Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$114.99.
Check Out Our Latest Analysis on CCO
Cameco Stock Up 7.9%
About Cameco
Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.
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