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TD Securities Keeps a Buy Rating on Cameco Corporation (CCO)


Cameco Corporation (TSX: CCO), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Greg Barnes from TD Securities rated Cameco Corporation (TSX: CCO) a Buy, setting a C$20 price target.

According to TipRanks.com, Barnes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.5% and a 40.9% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Franco Nev Corp, Agnico Eagle, and Barrick Gold.

The word on The Street in general, suggests a Hold analyst consensus rating for Cameco Corporation with a C$15.80 average price target, which is a 7.3% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$18 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 971.7K.

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.