Cameco Corp (CCO) Price Target Cut to C$15.00 by Analysts at Royal Bank Of Canada

Cameco Corp (TSE:CCO) (NYSE:CCJ) had its price objective decreased by Royal Bank Of Canada from C$16.00 to C$15.00 in a report released on Monday. Royal Bank Of Canada currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. TD Securities lowered their price objective on shares of Cameco Corp from C$13.50 to C$13.00 and set a buy rating on the stock in a report on Monday. BMO Capital Markets lowered their target price on shares of Cameco Corp from C$17.00 to C$15.00 in a report on Monday. CSFB lowered their target price on shares of Cameco Corp from C$13.50 to C$10.00 in a report on Tuesday, July 18th. Scotiabank increased their target price on shares of Cameco Corp from C$14.00 to C$14.50 and gave the company a sector perform rating in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. lowered their target price on shares of Cameco Corp from C$15.00 to C$14.00 in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Cameco Corp presently has a consensus rating of Hold and an average target price of C$13.25.

Shares of Cameco Corp (CCO) traded up 1.64% during midday trading on Monday, hitting $10.51. 464,687 shares of the company were exchanged. The firm’s market capitalization is $4.16 billion. The firm’s 50 day moving average price is $11.76 and its 200 day moving average price is $12.52. Cameco Corp has a one year low of $9.90 and a one year high of $17.65.

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The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.87%.

About Cameco Corp

Cameco Corporation (Cameco) is a uranium producer. The Company 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. The Company operates through three segments: uranium, fuel services and NUKEM.

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