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    market news

    Cameco Downgraded As Uranium Prices Drop

    Vivien Diniz
    Sep. 26, 2012 04:56PM PST
    Energy Investing

    The Globe and Mail reported that uranium giant, Cameco, has been downgraded as analysts lower their expectations of a reboot in the uranium sector.

    The Globe and Mail reported that uranium giant, Cameco, has been downgraded as analysts lower their expectations of a reboot in the uranium sector.

    As quoted in the market news:

    TD Securities has taken note, and today downgraded Cameco Corp. to a “hold” from a “buy.” Analyst Greg Barnes also slashed his price target on the stock by $6 to $24.

    Cameco shares have responded, falling nearly 5 per cent.

    Click here to read the full report. 

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