GLJ Research Raised the Firm's PT on Cameco Corporation (CCJ), Maintained a Buy Rating

Cameco Corporation (NYSE:CCJ) is one of the Best Performing Canadian Stocks So Far in 2025. On August 5, Gordon Johnson from GLJ Research raised the firm’s price target on Cameco Corporation (NYSE:CCJ) from $75.27 to $80.7, while maintaining a Buy rating on the stock.

The analyst noted that the company posted a strong earnings beat during the fiscal second quarter of 2025, surpassing both the firm’s and Wall Street’s estimates. Cameco Corporation (NYSE:CCJ) posted a revenue of $632.95 million, reflecting a 46% increase year-over-year and ahead of estimates by $50.31 million. Despite this, the market reacted negatively to the report as the company reported a decline in contracted volumes of uranium, which is a core market for Cameco Corporation (NYSE:CCJ).

Johnson highlighted that a surge in gas turbine orders in the US is boosting the broader power derivatives market, supporting the company’s prospects.

Cameco Corporation (NYSE:CCJ) is a leading supplier of uranium fuel used to generate electricity worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.