Analyst Ratings Coverage
Here are the expanded details on the recent analyst ratings changes for Cameco Corporation:
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- Raymond James increased their target price on Cameco from CAD 69 to CAD 70 on November 1, 2023, while maintaining their rating of “Outperform.” This indicates that Raymond James remains optimistic about the company’s performance and sees potential for the stock to outperform the market.
- Scotia Capital also maintained their “Outperform” rating for Cameco on November 1, 2023, with a target price of CAD 70. This suggests that Scotia Capital continues to have a positive outlook on Cameco’s prospects and believes it is well-positioned for growth.
- Eight Capital upgraded their rating for Cameco to “Buy” on November 1, 2023, with a target price of CAD 65. This upgrade indicates that Eight Capital sees Cameco as an attractive investment opportunity and recommends buying the stock.
- Canaccord Genuity also raised their target price for Cameco to CAD 65 on November 1, 2023, while maintaining their “Buy” rating. This implies that Canaccord Genuity sees Cameco as a promising investment with potential for growth.
CCO Stock Analysis
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- Average Analyst Target Price: Based on forecasts from nine analysts, the average target price for Cameco Corp is projected to be CAD 55.40 over the next 12 months. This suggests that a consensus of analysts expects the stock to reach this price level in the foreseeable future.
- Average Analyst Rating: Unfortunately, the average analyst rating for Cameco Corp is not available. This could be due to variations in analyst opinions or a lack of consensus among the analysts covering the stock.
- Stock Target Advisor’s Analysis: Stock Target Advisor’s own analysis of Cameco Corp’s stock is classified as “Bullish.” This assessment is based on 13 positive signals and 5 negative signals. The positive signals indicate that the stock is displaying favorable indicators, while the negative signals highlight certain aspects that may be of concern.
- Recent Stock Performance: At the last closing, Cameco Corp’s stock price was CAD 56.73. Over the past week, the stock price has shown a positive change of +6.50%. Over the last month, the stock has risen by +5.27%, and over the last year, it has demonstrated substantial growth with an impressive increase of +75.58%.
