Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) had its target price lifted by investment analysts at Desjardins from C$85.00 to C$105.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 10.03% from the stock’s current price. Desjardins also issued estimates for Cameco’s FY2025 earnings at $1.25 EPS, FY2026 earnings at $2.10 EPS and FY2027 earnings at $2.11 EPS.
Several other equities analysts also recently commented on CCO. Sanford C. Bernstein raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st. TD Securities increased their price target on shares of Cameco from C$77.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Berenberg Bank increased their price target on shares of Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Raymond James Financial increased their price target on shares of Cameco from C$83.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Monday, June 9th. Finally, Canaccord Genuity Group increased their price target on shares of Cameco from C$83.50 to C$92.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Nine analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$94.93.
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Cameco Stock Performance
Cameco Company Profile
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
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