Cameco (CCJ) Stock Forecast & Price Target

$57.92

-0.10 (-0.17%)

(As of 10/21/2024 ET)

Cameco - Analysts' Recommendations and Stock Price Forecast (2024)

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
14.91% 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 14.91% from the current price of $57.92.

CCJ Analyst Ratings Over Time

Type	Current Forecast 10/23/23 to 10/22/24	1 Month Ago 9/23/23 to 9/22/24	3 Months Ago 7/25/23 to 7/24/24	1 Year Ago 10/23/22 to 10/23/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 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	$59.50	$56.00
Forecasted Upside	14.91% Upside	49.90% Upside	27.98% Upside	46.33% 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	Energy Companies	S&P 500
Consensus Rating Score	3.29	2.77	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	15.63% Upside	86.03% Upside	7.25% 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 Tuesday at 01:49 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 Sunday, October 6, 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.:

Cameco Co. stock price is currently trading at $47.59, showing a positive trend in recent trading sessions.
Positive analyst ratings and price targets from various financial institutions indicate confidence in the company's growth potential.
Recent institutional investments and stake increases by notable firms like Driehaus Capital Management LLC and Fred Alger Management LLC demonstrate strong investor interest.
Cameco Co. has a solid financial position with a manageable debt-to-equity ratio of 0.23, ensuring stability and growth opportunities.
The company's diverse portfolio in the basic materials sector provides exposure to different markets and commodities, reducing risk.

Cameco
Bear Case

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

Cameco Co. reported lower-than-expected earnings per share in the last quarterly results, potentially signaling challenges in revenue generation.
The company's net margin of 9.72% and return on equity of 5.63% may be considered relatively low compared to industry peers, impacting profitability.
Market volatility and economic uncertainties could affect Cameco Co.'s stock performance, leading to potential fluctuations in share prices.
Regulatory changes or environmental factors impacting the basic materials industry could pose risks to Cameco Co.'s operations and financial performance.
Competitive pressures within the basic materials sector may limit Cameco Co.'s market share and growth opportunities, affecting long-term investor returns.

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 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 research analysts is that investors should "buy" CCJ shares.
: According to analysts, Cameco's stock has a predicted upside of 14.91% based on their 12-month stock forecasts.
: Over the previous 90 days, Cameco's stock had 3 upgrades by analysts.
: Cameco has been rated by research analysts at Cantor Fitzgerald, Glj Research, Janney Montgomery Scott, National Bank Financial, and Scotiabank in the past 90 days.
: Analysts like Cameco more than other "energy" companies. The consensus rating for Cameco is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how CCJ compares to other companies.