RBC Capital raised price target for Cameco Corp, reflecting confidence in nuclear industry growth.

From Yahoo Finance: 2025-06-28 13:23:00

Cameco Corporation (NYSE: CCJ) is highlighted as one of Goldman Sachs’ top energy stock picks. RBC Capital reiterated an ‘Outperform’ rating on June 20 and increased the price target to C$100 from C$90.

RBC Capital’s price target hike reflects confidence in Cameco’s position to benefit from growth in the nuclear industry and a tight uranium market. The company owns low-cost, tier-one assets that operate efficiently.

Strategic partnership with Westinghouse positions Cameco to capitalize on emerging opportunities in the nuclear industry. RBC Capital sees potential in Westinghouse’s cooperation with Korean nuclear builders as beneficial for Cameco.

Cameco Corporation (NYSE: CCJ) is a major global provider of uranium fuel for nuclear power plants, with operations across the nuclear fuel cycle.

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Read more: RBC Capital Hikes Cameco Corp Price (CCJ) Target on Uranium and Nuclear Opportunities