
Cameco (CCJ) Stock Forecast & Price Target
Cameco (CCJ) Analyst Ratings
Bulls say
Cameco Corp exhibits a strong financial outlook due to its robust net asset value, which has been increased to $66 per share, reflecting the risk-adjusted potential of new build projects in markets such as the US and Korea. The company operates key assets recognized for their high grades and low costs, positioning it favorably for increased production as uranium prices improve in a tightening market. Additionally, with a significant stake in Westinghouse and Global Laser Enrichment, Cameco is strategically positioned to capitalize on the accelerating growth within the nuclear industry.
Bears say
Cameco Corp faces a negative outlook primarily due to anticipated weaker growth in the nuclear sector and declining uranium prices, with a downside scenario projected at $60. The company is exposed to several risks, including the potential negative outcome of a CRA transfer pricing dispute, contract cancellations, production disruptions, and currency volatility, particularly between the CAD and USD. Additionally, declining investor sentiment towards uranium could lead to lower valuation multiples, further impacting Cameco's financial performance.
This aggregate rating is based on analysts' research of Cameco and is not a guaranteed prediction by Public.com or investment advice.
Cameco (CCJ) Analyst Forecast & Price Prediction
Start investing in Cameco (CCJ)
Order type
Buy in
Order amount
Est. shares
0 shares