
Cameco (CCJ) Stock Forecast & Price Target
Cameco (CCJ) Analyst Ratings
Bulls say
Cameco Corp is strategically positioned within the nuclear energy sector, benefiting from significant growth potential in a tightening uranium market, as evidenced by its impressive assets known for high grades and low production costs. The company's net asset value per share (NAV/sh) has been increased to $66, reflecting the integrated approach to capitalize on upcoming nuclear projects, including AP1000 builds in the US and Korea. With a strong revenue contribution from its Westinghouse segment and ongoing potential for production increases, Cameco is well-equipped to leverage the anticipated rise in uranium prices, fostering a fundamentally optimistic outlook.
Bears say
The analysis indicates a negative outlook for Cameco Corp primarily due to anticipated weaker growth in the nuclear sector and declining uranium prices, with a downside scenario projected at $60. Furthermore, multiple risks threaten the company's stability, including an ongoing transfer pricing dispute with the CRA, potential contract cancellations, and risks of production disruptions. Significant currency volatility, particularly between the CAD and USD, alongside diminishing investor sentiment in the uranium market could further exacerbate Cameco's operational challenges and negatively impact valuation multiples.
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
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