Are Analysts Bullish about Cameco Corp (USA) (NYSE:CCJ) after last week?

July 18, 2017 - By Louis Casey

 Are Analysts Bullish about Cameco Corp (USA) (NYSE:CCJ) after last week?

Cameco Corp (USA) (NYSE:CCJ) Ratings Coverage

Among 6 analysts covering Cameco (NYSE:CCJ), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Cameco has $24 highest and $16 lowest target. $16.50’s average target is 64.18% above currents $10.05 stock price. Cameco had 10 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Thursday, April 7 by Scotia Capital. The company was upgraded on Tuesday, February 14 by BMO Capital Markets. Bank of America downgraded Cameco Corp (USA) (NYSE:CCJ) on Thursday, July 21 to “Neutral” rating. The firm earned “Underperform” rating on Friday, June 30 by Bank of America. On Thursday, June 29 the stock rating was initiated by RBC Capital Markets with “Outperform”. The rating was maintained by Cowen & Co with “Market Perform” on Thursday, August 6. The firm has “Neutral” rating by Bank of America given on Thursday, January 12. The rating was maintained by Credit Suisse on Wednesday, April 19 with “Neutral”. The firm earned “Outperform” rating on Tuesday, November 3 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 2. Below is a list of Cameco Corp (USA) (NYSE:CCJ) latest ratings and price target changes.

30/06/2017 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
29/06/2017 Broker: RBC Capital Markets Rating: Outperform New Target: $16.00 Initiate
19/04/2017 Broker: Credit Suisse Rating: Neutral Maintain
14/02/2017 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Upgrade
02/02/2017 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade

The stock increased 0.85% or $0.09 on July 17, reaching $10.05. About shares traded. Cameco Corp (USA) (NYSE:CCJ) has declined 13.76% since July 18, 2016 and is downtrending. It has underperformed by 30.46% the S&P500.

Cameco Corporation is a uranium producer. The company has market cap of $4.01 billion. The Firm is primarily 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 currently has negative earnings. The Firm operates through three divisions: uranium, fuel services and NUKEM.

More notable recent Cameco Corp (USA) (NYSE:CCJ) news were published by: Fool.ca which released: “Cameco Corp. Stock Price Dips Below $12: Time to Buy?” on July 10, 2017, also Fool.ca with their article: “Could Trump Be Good for Cameco Corp.?” published on July 05, 2017, Fool.ca published: “Why You Should Consider Cameco Corp. for the Long Term” on July 13, 2017. More interesting news about Cameco Corp (USA) (NYSE:CCJ) were released by: Streetinsider.com and their article: “Credit Suisse Downgrades Cameco Corporation (CCJ) to Underperform” published on July 18, 2017 as well as Fool.com‘s news article titled: “Cameco Corp. Stock Tumbled 6.5% in June: What Should You Do Now?” with publication date: July 06, 2017.

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