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TipRanksStock Market NewsCCJ NewsRaymond James Believes Cameco (CCJ) Won’t Stop Here
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Raymond James Believes Cameco (CCJ) Won’t Stop Here

Raymond James analyst Brian MacArthur maintained a Buy rating on Cameco (CCJResearch Report) today and set a price target of C$40.00. The company’s shares closed last Wednesday at $29.05, close to its 52-week high of $30.04.

According to TipRanks.com, MacArthur is a 5-star analyst with an average return of 9.8% and a 54.4% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Freeport-McMoRan.

Cameco has an analyst consensus of Moderate Buy, with a price target consensus of $29.02.

See the top stocks recommended by analysts >>

Cameco’s market cap is currently $11.61B and has a P/E ratio of -141.29.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCJ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Cameco was founded in 1988 and is headquartered in Saskatoon, Canada.

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