"Scotiabank analyst Orest Wowkodaw raised his CCJ stock price target to $175 from $150, keeping an Outperform rating after a quarterly update he characterized as positive given higher estimates."
"Wowkodaw's bullish stance on Cameco rests on improving fundamentals tied to Western World agendas of decarbonization, energy independence, and power security."
"Cameco is the largest publicly traded pure-play uranium producer in the Western world, with high-grade Canadian assets and a global contract book."
"Cameco's Q1 2026 results showed adjusted EPS of $0.47 and profit of $131 million, up from $70 million a year earlier."
Cameco's stock price target has been increased to $175 by Scotiabank, indicating strong confidence in the company's future. The stock has risen 32% year-to-date and 151% over the past year. Analyst Orest Wowkodaw cites improving fundamentals linked to decarbonization, energy independence, and power security as key drivers. The supply-demand dynamics in uranium production support this bullish outlook. Cameco's recent financial results show significant profit growth, and a new uranium supply agreement with India enhances revenue visibility.
Read at 24/7 Wall St.
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