Raymond James raises PT on Cameco Corp

Cameco

18/06/2025 12:54

** Raymond James raises price target on Canadian uranium supplier Cameco Corp CCO.TO to C$102 from C$96

** New price target represents 8.3% upside to stock's last close

** Brokerage says CCO provides investors with lower-risk exposure to the uranium market, given its diversification of sources

** "In addition, CCO has multiple operations curtailed that could be brought back should uranium prices increase" - Raymond James

** 16 of 18 brokerages rate the stock "buy" or higher, 2 "hold"; median PT is $95 - data compiled by LSEG

** Up till last close, stock was up 27.9% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))