Cameco (CCJ) Jumps Double Digits on Bullish Analyst Stance

We recently published a list of Small But Mighty: 10 Stocks That Stunned Wall Street Today. In this article, we are going to take a look at where Cameco Corporation (NYSE:CCJ) stands against other stocks that stunned Wall Street on Monday.

Cameco Corp. extended its winning streak to a fifth straight day on Monday, adding 10.74 percent to finish at $66.91 apiece as investors mirrored two investment firms’ bullish stance on the company.

On Monday, Raymond James Financial raised its price target for Cameco Corporation (NYSE:CCJ) to CA$96 from CA$88 previously while maintaining its “outperform” rating on the stock, amid its advantageous position in the uranium market, diversified sources, and long-term contract portfolios that protect the company from the volatility of spot uranium prices.

Meanwhile, Cameco Corporation (NYSE:CCJ) also received a price target of CA$95 from BMO Capital Markets, higher than CA$85 previously, with a maintained “outperform” rating.

According to BMO Capital, the optimism reflects its huge advantage from its subsidiary’s partnership with Korea Hydro & Nuclear Power (KHNP) in Czech Republic, which is expected to add $170 million to Cameco Corporation’s (NYSE:CCJ) share of Westinghouse’s EBITDA.

Additionally, BMO Capital is optimistic about Cameco Corporation (NYSE:CCJ) for the rest of the year, projecting a CA$2.27 billion EBITDA or a 12-percent increase in the full-year 2025 period.

Overall, CCJ ranks 8th on our list of stocks that stunned Wall Street on Monday. While we acknowledge the potential of CCJ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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