Goldman Sachs Sticks to Its Buy Rating for Cameco (CCJ)
Goldman Sachs analyst Brian K. Lee reiterated a Buy rating on Cameco on February 17 and set a price target of $131.00. The company’s shares closed yesterday at C$154.06.
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According to TipRanks, K. Lee is a 4-star analyst with an average return of 4.9% and a 48.05% success rate. K. Lee covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and Universal Display.
Cameco has an analyst consensus of Strong Buy, with a price target consensus of $122.10, representing a -20.75% downside. In a report released yesterday, GLJ Research also reiterated a Buy rating on the stock with a C$171.20 price target.
CCJ market cap is currently C$67.08B and has a P/E ratio of 113.76.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCJ in relation to earlier this year.
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