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Cameco Corporation (CCJ) [hlAlert]

Rating:
Buy CCJ
down 35.30 %

Cameco Corporation (CCJ) upgraded to Buy by BofA/Merrill

Posted on: Tuesday,  Jan 14, 2014  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Cameco Corporation (NYSE: CCJ) on 01/14/2014, when the stock price was $20.79. Since
then, Cameco Corporation has lost 35.31% as of 01/06/2016's recent price of $13.45.
If you would have followed this BofA/Merrill's recommendation on CCJ, you would have lost 35.3% of your investment in 722 days.

Cameco Corporation (Cameco) is a Canada-based company. The Company, along with its subsidiaries, is engaged in the exploration, development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates in four segments: uranium, fuel services, electricity and gold. In August 2008, Cameco completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia. A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto. During the year ended December 31, 2008, the Company acquired 24% interest in Global Laser Enrichment (GLE) based in North Carolina. GLE is focused on developing an uranium enrichment process using laser technology.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2014 8:25 AM Buy
None
20.79
as of 10/17/2014
1 Week up  2.80 %
1 Month down  -15.82 %
3 Months down  -18.68 %
1 YTD down  -20.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/27/2013 8:25 AM Hold
None
18.39

(*) Stock Price at the time of the recommendation.
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