Raymond James analyst Brian MacArthur maintained a Buy rating on Cameco (CCJ – Research Report) today and set a price target of C$45.00. The company’s shares opened today at $27.81.
According to TipRanks, MacArthur is a 5-star analyst with an average return of 7.5% and a 52.81% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Cameco, Teck Resources, and Osisko Gold Royalties.
Cameco has an analyst consensus of Strong Buy, with a price target consensus of $34.66, a 24.63% upside from current levels. In a report released on January 19, Canaccord Genuity also maintained a Buy rating on the stock with a C$46.00 price target.
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The company has a one-year high of $32.36 and a one-year low of $18.97. Currently, Cameco has an average volume of 4.38M.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCJ in relation to earlier this year.
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Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Cameco was founded in 1988 and is headquartered in Saskatoon, Canada.
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