According to The Fly, raymond James analyst Brian MacArthur maintained a Buy rating on Cameco Corp (CCJ) today. The company’s shares opened today at $11.34.
According to TipRanks.com, MacArthur ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.7% and a 35.7% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Teck Resources Limited, and Centerra Gold Inc.
Currently, the analyst consensus on Cameco Corp is a Moderate Buy with an average price target of $15.
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Based on Cameco Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $21.52 million. In comparison, last year the company had a GAAP net loss of $98.7 million.
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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.
