Cameco (CCJ) Stock Forecast & Price Target

$52.44 -0.47 (-0.89%)

(As of 12/20/2024 05:40 PM ET)

Cameco - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 7 Analyst Ratings

Sell
0

Hold
0

Buy
7

Based on 7 Wall Street analysts who have issued ratings for Cameco in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 5 have given a buy rating, and 2 have given a strong buy rating for CCJ.

Consensus Price Target

$66.56
26.92% Upside

According to the 7 analysts' twelve-month price targets for Cameco, the average price target is $66.56. The highest price target for CCJ is $80.00, while the lowest price target for CCJ is $60.50. The average price target represents a forecasted upside of 26.92% from the current price of $52.44.

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CCJ Analyst Ratings Over Time

Type	Current Forecast 12/24/23 to 12/23/24	1 Month Ago 11/24/23 to 11/23/24	3 Months Ago 9/25/23 to 9/24/24	1 Year Ago 12/24/22 to 12/24/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$66.56	$66.56	$66.56	$56.00
Forecasted Upside	26.92% Upside	10.73% Upside	42.31% Upside	28.38% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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CCJ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CCJ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cameco Stock vs. The Competition

Type	Cameco	Basic Materials Companies	S&P 500
Consensus Rating Score	3.29	2.76	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	26.92% Upside	139.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent CCJ News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Janney Montgomery Scott 2 of 5 stars	T. Meric Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/3/2024	National Bank Financial 5 of 5 stars	M. Sidibe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/19/2024	Scotiabank 5 of 5 stars		Lower Target	Outperform ➝ Outperform	$81.00 ➝ $80.00	+92.91%
8/14/2024	Glj Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$63.73 ➝ $63.73	+60.37%
7/31/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Kozak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$59.00 ➝ $60.50	+19.64%
6/7/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$56.00 ➝ $62.00	+14.08%
10/3/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Action List Buy ➝ Action List Buy	C$55.00 ➝ C$70.00
9/5/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$49.50 ➝ $56.00	+50.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:15 AM ET.

Should I Buy Cameco Stock? CCJ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, December 11, 2024. Please send any questions or comments about these Cameco pros and cons to contact@marketbeat.com.

Cameco
Bull Case

Here are some ways that investors could benefit from investing in Cameco Co.:

Recent upgrades from multiple analysts, including a "strong-buy" rating from National Bank Financial and Janney Montgomery Scott, indicate strong confidence in the company's future performance.
Cameco Co. has a significant market capitalization of approximately $25.61 billion, which suggests stability and the potential for growth in the basic materials sector.
The stock is currently trading at $58.85, which may present a buying opportunity for investors looking to enter at a favorable price point.
Institutional investors own 70.21% of Cameco Co., reflecting strong institutional confidence and support for the company's long-term prospects.
Recent increases in stock positions by major investors, such as Charles Schwab Investment Management, demonstrate growing interest and potential bullish sentiment towards Cameco Co.

Cameco
Bear Case

Investors should be bearish about investing in Cameco Co. for these reasons:

Stifel Financial Corp recently reduced its holdings in Cameco Co. by 20.3%, which may signal concerns about the company's short-term performance.
The stock has a high PE ratio of 309.71, indicating that it may be overvalued compared to its earnings, which could deter value-focused investors.
One analyst has rated the stock with a sell rating, suggesting that there are differing opinions on the stock's future performance.
Recent fluctuations in stock price, with a drop to $56.42, may indicate volatility that could be a concern for risk-averse investors.
Market conditions for the basic materials sector can be unpredictable, which may affect Cameco Co.'s performance and investor sentiment.

CCJ Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is $66.56, with a high forecast of $80.00 and a low forecast of $60.50.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 5 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CCJ shares.
: According to analysts, Cameco's stock has a predicted upside of 26.92% based on their 12-month stock forecasts.
: Over the previous 90 days, Cameco's stock had 1 upgrade by analysts.
: Cameco has been rated by research analysts at Janney Montgomery Scott in the past 90 days.
: Analysts like Cameco more than other "basic materials" companies. The consensus rating for Cameco is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how CCJ compares to other companies.

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This page (NYSE:CCJ) was last updated on 12/23/2024 by MarketBeat.com Staff

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Cameco (CCJ) Stock Forecast & Price Target