Reported about 11 hours ago
GLJ Research has raised its price target for Cameco Corporation (CCJ) from $75.27 to $80.7, maintaining a Buy rating after the company reported strong earnings in Q2 2025. Despite a year-over-year revenue increase of 46% to $632.95 million that exceeded estimates, the market reacted negatively due to a decline in contracted uranium volumes. Analyst Gordon Johnson noted that increased gas turbine orders in the US are favorable for Cameco's market outlook.
Source: YAHOO