Scotiabank analyst Orest Wowkodaw maintained a Buy rating on Cameco (CCJ – Research Report) today and set a price target of C$70.00. The company’s shares closed yesterday at $40.91.
Wowkodaw covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Teck Resources, and Ero Copper. According to TipRanks, Wowkodaw has an average return of 14.9% and a 51.02% success rate on recommended stocks.
Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $45.87, a 12.12% upside from current levels. In a report released on October 25, Cantor Fitzgerald also maintained a Buy rating on the stock with a C$57.00 price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $42.17 and a one-year low of $21.22. Currently, Cameco has an average volume of 4.97M.
Based on the recent corporate insider activity of 50 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cameco (CCJ) Company Description:
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.
Read More on CCJ:
