Cameco Corp. Stock Falls Tuesday, Underperforms Market

Cameco Corp. stock (CCJ) closed at $29.19 on Tuesday, down 1.49% from its previous close.

The stock underperformed the market, as the S&P 500 index gained 0.35% on the day.

Analysts are mixed on Cameco Corp.'s stock, with some predicting a rise in stock price and others predicting a fall.

Scotiabank analyst Ovais Habib recently reiterated a "buy" rating on the stock, with a price target of $35.00.

On the other hand, TD Securities analyst Greg Barnes has a "sell" rating on the stock, with a price target of $27.00.

Cameco Corp. is a Canadian uranium producer.

The company's stock has been volatile in recent months, as the uranium market has been impacted by the war in Ukraine and the COVID-19 pandemic.

Despite the recent sell-off, Cameco Corp. stock is still up about 20% year-to-date.

The company is expected to release its next quarterly earnings report on August 3, 2023.

Analysts are expecting the company to report earnings per share of $0.18, down from $0.21 in the same quarter last year.