Cameco Corporation (TSE:CCO) Has Just Had Its Price Objective Upped by Research Analysts at Dundee Securities to $25.30


Stock Analysis:Cameco Corporation (TSE:CCO) Stock Target Upgraded

In analysts note revealed to clients and investors by Dundee Securities on 15 December, Cameco Corporation (TSE:CCO) had its target price boosted to $25.30. The firm right now has a solid Buy rating on shares.

From a total of 15 analysts covering Cameco Corporation (TSE:CCO) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 81% of the ratings are positive. The highest target price is $21.1 while the lowest target price is $11.64. The mean of all analyst targets is $17.01 with a 47.24% above today’s ($16.13) stock price. Cameco Corporation was the topic of 8 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 24 with “Outperform” rating.

Approximately 916,562 shares of stock traded hands or 47.69% up from the average. Cameco Corporation (TSE:CCO) has declined 24.22% since May 12, 2015 and is downtrending. It has underperformed by 20.54% the S&P500.

Cameco Corporation (TSE:CCO) Has Just Had Its Price Objective Upped by Research Analysts at Dundee Securities to $25.30

The overall sentiment of institutions has decreased to 0.56 in Q2 2015. Its down 0.68, from 1.24 in 2015Q2. The ratio dived, as 12 institutions have sold all the shares of Cameco Corporation that they owned while 42 funds have taken shares off the table. 9 funds have purchased shares for the first time while 21 added to their positions. These institutions now hold 39.06 million shares or 21.30% more than the 32.20 million shares they owned in 2015Q2.

The Fund Abrams Capital Management L.P. currently is holding shares equating to 1.71% of its total portfolio in Cameco Corporation representing a total of 3.35 million shares. Another fund,Gallagher Fiduciary Advisors Llc, is holding a total of 288,805 shares equating to 1.02% of their holdings. Additionally, Canyon Capital Advisors Llc has a 4.54 million share stake in Cameco Corporation which represents 0.89% of their total portfolio. The Fund, Brigade Capital Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 0.88% of their total portfolio. Finally Bbt Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 784,367 shares.

Cameco Corporation is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The company has a market cap of $6.38 billion. The Firm operates through three divisions: Uranium, fuel services and NUKEM. It has 43.23 P/E ratio. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate.

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