{"id":42146,"date":"2023-11-01T19:25:55","date_gmt":"2023-11-01T19:25:55","guid":{"rendered":"https:\/?p=42146"},"modified":"2023-11-01T19:26:32","modified_gmt":"2023-11-01T19:26:32","slug":"cameco-ccotsx-eight-capital-upgrades-to-buy","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/cameco-ccotsx-eight-capital-upgrades-to-buy\/","title":{"rendered":"Cameco (CCO:TSX) Eight Capital Upgrades to &#8220;Buy&#8221;"},"content":{"rendered":"<h2>Analyst Ratings Coverage<\/h2>\n<p>Here are the expanded details on the recent analyst ratings changes for <a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/CCO\/analyst-rating#\">Cameco Corporation<\/a>:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li><strong>Raymond James<\/strong> increased their target price on Cameco from CAD 69 to CAD 70 on November 1, 2023, while maintaining their rating of &#8220;Outperform.&#8221; This indicates that Raymond James remains optimistic about the company&#8217;s performance and sees potential for the stock to outperform the market.<\/li>\n<li><strong>Scotia Capital<\/strong> also maintained their &#8220;Outperform&#8221; 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&#8217;s prospects and believes it is well-positioned for growth.<\/li>\n<li><strong>Eight Capital<\/strong> upgraded their rating for Cameco to &#8220;Buy&#8221; 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.<\/li>\n<li><strong>Canaccord Genuity<\/strong> also raised their target price for Cameco to CAD 65 on November 1, 2023, while maintaining their &#8220;Buy&#8221; rating. This implies that Canaccord Genuity sees Cameco as a promising investment with potential for growth.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/CCO\" target=\"_blank\" rel=\"noopener\">CCO:CA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"CCO:CA\" data-theme=\"wt_bg_light\" data-uid=\"645925686542a61b2d6256542a61b2d626\" data-width=\"900\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2>CCO Stock Analysis<\/h2>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li><strong>Average Analyst Target Price:<\/strong> 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.<\/li>\n<li><strong>Average Analyst Rating:<\/strong> 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.<\/li>\n<li><strong>Stock Target Advisor&#8217;s Analysis:<\/strong> <a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor&#8217;s<\/a> own analysis of Cameco Corp&#8217;s stock is classified as &#8220;Bullish.&#8221; 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.<\/li>\n<li><strong>Recent Stock Performance:<\/strong> At the last closing, Cameco Corp&#8217;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%.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings Coverage Here are the expanded details on the recent analyst ratings changes for Cameco Corporation: Raymond James increased their target price on Cameco&#8230;<\/p>\n","protected":false},"author":3,"featured_media":6938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42146","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cameco (CCO:TSX) Eight Capital Upgrades 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