BMO Capital Raises PT on Cameco Corporation (CCJ) to $86.72, Maintains ‘Outperform’ Rating

Group 1 - Cameco Corporation (NYSE:CCJ) is recognized as one of the best uranium stocks to invest in currently [1][4] - BMO Capital has raised its price target for Cameco Corporation from $79.49 to $86.72 while maintaining an 'Outperform' rating, despite a warning of a 19% production cut at McArthur River [2] - The investment firm highlights a deepening uranium supply deficit, which is expected to lead to stronger prices and increased contracting activity, enhancing investor confidence in uranium producers like Cameco [3] Group 2 - Cameco Corporation is engaged in the exploration, mining, refining, conversion, and fabrication of uranium concentrate, serving the global nuclear energy markets through its Uranium and Fuel Services segments [4]