
Cameco (CCJ) Stock Forecast & Price Target
Cameco (CCJ) Analyst Ratings
Bulls say
Cameco Corp demonstrates a strong financial outlook through an increased net asset value per share estimate of $66, which reflects the company's strategic positioning within the nuclear sector and the potential benefits from new build projects like the AP1000 in the U.S. and Korean-led initiatives. The company operates with some of the highest-quality uranium properties globally, characterized by low production costs and high-grade resources, which positions it for long-term production increases as uranium prices trend upwards. Furthermore, Cameco's involvement in both uranium and fuel services segments, along with its stake in Westinghouse, underscores its comprehensive approach to capitalizing on the growing demand for nuclear energy amid a tight uranium market.
Bears say
Cameco Corp faces significant risks that contribute to an unfavorable outlook, particularly due to potential declines in nuclear sector growth and weaker-than-expected uranium prices, which could negatively impact its revenue streams. Key financial sensitivities include the ongoing CRA transfer pricing dispute, possible contract cancellations, production disruptions, and currency volatility, especially regarding CAD/USD exchange rates. Additionally, a deterioration in investor sentiment towards uranium could lead to lower valuation multiples, further exacerbating the company's financial challenges.
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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