In a report released today, Orest Wowkodaw from Scotiabank maintained a Buy rating on Cameco (CCJ – Research Report), with a price target of C$71.00. The company’s shares opened today at $44.10.
Wowkodaw covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Teck Resources, and Hudbay Minerals. According to TipRanks, Wowkodaw has an average return of 12.0% and a 51.24% success rate on recommended stocks.
In addition to Scotiabank, Cameco also received a Buy from Bank of America Securities’s Lawson Winder in a report issued yesterday. However, on the same day, Cantor Fitzgerald maintained a Hold rating on Cameco (NYSE: CCJ).
See today’s best-performing stocks on TipRanks >>
CCJ market cap is currently $20.84B and has a P/E ratio of 98.26.
Based on the recent corporate insider activity of 61 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:
