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Raymond James Hikes Cameco (CCJ) PT to C$130 on Strong Metal Prices, Uncertainty
Yahoo Financeยท 2025-10-31 09:42
Core Viewpoint - Cameco Corporation (NYSE:CCJ) is identified as a strong stock to buy and hold for the next decade, with a recent price target increase by Raymond James to C$130 from C$118, reflecting positive market sentiment and performance in the metals sector [1][2]. Group 1: Price Target and Ratings - Raymond James raised Cameco's price target to C$130, indicating an Outperform rating based on improved forecasts for gold and silver prices [1][2]. - Bernstein analyst Bob Brackett maintained a Buy rating on Cameco with a price target of $98.00, highlighting the company's role in uranium supply for electricity generation [3]. Group 2: Market Factors - The upward revision in price targets is attributed to strong year-to-date performance of metals, ongoing economic and political uncertainty, and expectations of increased operating and incentive costs due to rising reserve and resource pricing [2]. Group 3: Company Overview - Cameco operates through three segments: Uranium, Fuel Services, and Westinghouse, positioning itself as a key player in the uranium market for electricity generation [3].