Cameco Corporation Gets a Buy Rating from RBC Capital

By Austin Angelo

Wall Street analyst has provided a review for the Materials company on July 27, but retained the same rating on the stock. RBC Capital’s analyst Andrew Wong reiterates their Buy rating on the shares of Cameco Corporation (TSX: CCO), with a C$17 price target.

According to TipRanks.com, Wong is a 3-star analyst with an average return of 12.2% and a 100.0% success rate. Wong covers the Consumer Goods sector, focusing on stocks such as CF Industries, Potash Corp, and Mosaic Co.

Cameco Corporation has an analyst consensus of Strong Buy, with a price target consensus of C$16.38.

Cameco Corporation’s market cap is currently C$5.19B and has a P/E ratio of 0.

Cameco Corp. is an uranium exploration company. It provides processing services required to produce fuel for nuclear power plants, and generates clean electricity. The company operates its business through three segments: Uranium, Fuel Services and NUKEM.

The company’s shares closed on Friday at C$13.11.