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Cameco Corp
Symbol CCO
Shares Issued 434,175,752
Close 2024-01-16 C$ 66.09
Market Cap C$ 28,694,675,450
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Globe says Teck, Cameco are top picks at Scotia Capital

2024-01-16 08:17 ET - In the News

See In the News (C-TECK) Teck Resources Ltd

The Globe and Mail reports in its Tuesday, Jan. 16, edition that Scotia Capital analyst Orest Wowkodaw, Alfonso Salazar and Eric Winmill have reiterated Teck Resources and Cameco as their top pick for the year ahead. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wowkodaw has a "sector outperform" rating for Teck, citing its "valuation, impressive near-term copper growth, and the potential for strong shareholder returns." His target for Teck rose to $71 from $69, exceeding the $64.14 average on the Street. Mr. Wowkodaw says in a note, "Among the larger-cap producers, we highlight the relatively attractive valuation for Teck." He also has a "sector outperform" recommendation for Cameco "based on improving fundamentals driven by the dual Western world agendas of decarbonization and energy independence." He reiterated a $70 share target for Cameco, which falls 23 cents under the average. The Globe reported on Sept. 29 that Mr. Wowkodaw had reaffirmed his "sector outperform" recommendation on Cameco. It was then worth $53.89. The Globe reported on Oct. 18 that Mr. Wowkodaw was keeping his "sector outperform" recommendation for Teck intact. It was then worth $55.90.

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