19:24:00 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Cameco Corp
Symbol CCO
Shares Issued 434,205,752
Close 2024-04-17 C$ 66.67
Market Cap C$ 28,948,497,486
Recent Sedar Documents

Globe says Cameco still an "outperformer" for Adams

2024-04-18 07:26 ET - In the News

The Globe and Mail reports in its Thursday, April 18, edition that CIBC World Markets mining analyst Bryce Adams is sticking with his "outperformer" recommendation for Cameco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Adams gave his share target a $2 boost to $74. Analysts on average target the shares at $74.21. Mr. Adams says in a note: "We expect most of our base metals coverage to report softer operational results, and in turn softer financial results for Q1/24. It is early in the year, but most companies will need stronger operational results in Q2/24 to be well-positioned against full-year guidance ranges. Copper prices averaged $3.83/lb, close to our estimate of $3.85/lb, and provisional pricing impacts are modest." The Globe reported on Sept. 15 and Dec. 21 that Raymond James analyst Brian MacArthur had reaffirmed his "outperform" recommendation for Cameco. The shares could then be had for $50.25 and $57.98. The Globe reported on Dec. 15 that Mr. Adams had reaffirmed his "outperformer" recommendation for Cameco. The shares could then be had for $60.14. The Globe reported on Jan. 16 that Eight Capital analyst Ralph Profiti rated Cameco "buy." It was then worth $68.51.

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