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Cameco Corporation (CCJ) [hlAlert]

Rating:
Buy CCJ
down 64.63 %

Cameco Corporation (CCJ) upgraded to Buy by UBS

Posted on: Wednesday,  Jun 11, 2008  8:25 AM ET by UBS

UBS rated Buy Cameco Corporation (NYSE: CCJ) on 06/11/2008, when the stock price was $38.03. Since
then, Cameco Corporation has lost 64.63% as of 01/06/2016's recent price of $13.45.
If you would have followed this UBS's recommendation on CCJ, you would have lost 64.63% of your investment in 2765 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/11/2008 8:25 AM Buy
None
38.03
as of 12/24/2008
1 Week up  16.06 %
1 Month up  17.10 %
3 Months up  23.72 %
1 YTD down  -50.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/14/2008 8:25 AM Hold
None
40.00

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