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Cameco Corp
Symbol CCO
Shares Issued 434,175,752
Close 2024-01-15 C$ 68.51
Market Cap C$ 29,745,380,770
Recent Sedar Documents

Globe says Eight Cap's Profiti keeps Cameco at "buy"

2024-01-16 08:25 ET - In the News

The Globe and Mail reports in its Tuesday, Jan. 16, edition that Eight Capital analyst Ralph Profiti is keeping his "buy" ranking for Cameco intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Profiti saw his share target climb $10 to $80. Analysts on average target the shares at $70.23. Mr. Profiti says in a note, "We believe Cameco remains well-positioned for improved financial performance driven by our forecasts of rising uranium prices, exposure to market-related contract terms, improved cost structure as Cigar Lake and McArthur River reach steady-state production rates, and the benefits of revenue opportunities amid vertical integration in the uranium and fuel services businesses through a 49-per-cent stake in Westinghouse Electric." The Globe reported on Sept. 6 and Nov. 2 that Mr. Profiti continued to rate Cameco "buy." The shares could then be had for $50.25 and $56.88. 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.

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