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BMO Capital Upgrades Cameco Corporation (CCO) to Buy


Cameco Corporation (TSX: CCO), the Materials sector company, has received a rating update from a Wall Street analyst on September 27. BMO Capital’s analyst Alexander Pearce upgraded CCO to Buy on September 27 , with a C$16 price target.

Pearce has an average return of 42.5% when recommending Cameco Corporation.

According to TipRanks.com, Pearce is ranked #1430 out of 4885 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cameco Corporation with a C$16.20 average price target, a 10.0% upside from current levels. In a report issued on September 28, TD Securities also maintained a Buy rating on the stock with a C$20 price target.

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The company has a one-year high of C$15.95 and a one-year low of C$9.90. Currently, Cameco Corporation has an average volume of 981.3K.

Cameco Corp. engages in the provision of uranium. The company operates through three segments: Uranium, Fuel Services and NUKEM. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate.

The company’s shares closed on Friday at C$14.73.