Cameco Downgraded As Uranium Prices Drop

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.

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