Uranium Demand and Market Catalysts Underpin Buy Rating for Cameco (CCJ)

Lawson Winder , an analyst from Bank of America Securities, reiterated the Buy rating on Cameco ( CCJ – Research Report ). The associated price target is C$82.00.

Lawson Winder has given his Buy rating due to a combination of factors including the strong demand for uranium and several potential market catalysts that could positively impact Cameco’s stock (CCJ). Despite a second-quarter earnings miss partly due to lower sales volume, increased third-party purchases, and production challenges, Cameco has maintained its full-year EBITDA guidance, signaling confidence in a stronger second half of the year. The company has also been strategic in building its contract portfolio, showing growth in its contracted delivery commitments, which is an encouraging sign for future revenue stability.

Moreover, Winder’s optimism is bolstered by the anticipation of events that could drive uranium prices higher, such as the United States’ waiver window on Russian imports, potential supply disruptions, and updates […]

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