05:35:29 EDT Fri 31 Mar 2023
Enter Symbol
or Name

Login ID:
Cameco Corp
Symbol CCO
Shares Issued 398,436,837
Close 2022-08-03 C$ 31.66
Recent Sedar Documents

Globe says Wowkodaw is liking Cameco's outlook

2022-08-03 07:39 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 3, edition that Scotia Capital's Orest Wowkodaw, seeing Cameco "well positioned for improving market fundamentals," elevated his share target by a loonie to $44. The Globe's David Leeder writes that Mr. Wowkodaw continues rate Cameco "sector outperform." Analysts on average target the shares at $42.91. Mr. Wowkodaw says in note: "Cameco released better-than-anticipated Q2/22 results. The company's 2022 and five-year U3O8 sales volume outlook were both modestly improved. Long-term contract book additions also grew. Overall, we view the update as positive for the shares. Mr. Wowkodaw says in a note, "We rate Cameco shares 'sector outperform' based on improving fundamentals driven by the dual Western World agendas of decarbonization and energy independence." The Globe reported on Jan. 20 that CIBC began coverage on Cameco with an "outperformer" rating. Cameco shares could then be had for $26.80. The Globe reported on May 9 that Canaccord Genuity analyst Katie Lachapelle had reaffirmed her "buy" recommendation for Cameco. The shares could then be had for $27.33. The Globe's guest columnist Gordon Pape recommended Cameco on May 9 when it was worth $29.46.

© 2023 Canjex Publishing Ltd. All rights reserved.