BMO Capital Markets Trims Cameco Corp (CCO) Target Price to C$15.00

Cameco Corp (TSE:CCO) (NYSE:CCJ) had its price target reduced by BMO Capital Markets from C$17.00 to C$15.00 in a research note released on Monday.

A number of other brokerages have also recently commented on CCO. Raymond James Financial, Inc. decreased their target price on Cameco Corp from C$15.00 to C$14.00 in a report on Monday, October 23rd. CSFB decreased their target price on Cameco Corp from C$13.50 to C$10.00 in a report on Tuesday, July 18th. Scotiabank raised their target price on Cameco Corp from C$14.00 to C$14.50 and gave the stock a sector perform rating in a report on Friday, July 28th. Royal Bank Of Canada raised their target price on Cameco Corp from C$16.00 to C$17.00 and gave the stock an outperform rating in a report on Friday, July 28th. Finally, TD Securities decreased their target price on Cameco Corp from C$13.50 to C$13.00 and set a buy rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average price target of C$13.25.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of Infinity.

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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