Cameco (TSE:CCO) was downgraded by analysts at CIBC to a “sector perform” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities cut their price target on shares of Cameco from C$23.00 to C$22.00 in a research note to investors on Wednesday, June 26th. They now have a “hold” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Cameco from C$25.00 to C$26.00 in a research note to investors on Thursday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at CSFB cut their price target on shares of Cameco from C$23.00 to C$22.50 in a research note to investors on Thursday, May 2nd. They now have a “neutral” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$23.42.
Shares of Cameco (TSE: CCO) traded down 0.41% during mid-day trading on Wednesday, hitting $21.77. Cameco has a 52 week low of $16.50 and a 52 week high of $23.49. The stock’s 50-day moving average is currently $21.91. The company has a market cap of $8.608 billion and a P/E ratio of 60.72.
Cameco Corporation (TSE: CCO) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.