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Cameco Corporation (NYSE:CCJ) is included among the 10 Best Nuclear Energy Stocks to Buy for Dividends.
Cameco Corporation (NYSE:CCJ) operates globally, producing uranium and nuclear fuel products for the generation of clean, safe, and reliable electricity.
On April 21, CIBC slightly trimmed its price target on Cameco Corporation (NYSE:CCJ) from C$202 to C$200, while maintaining an ‘Outperformer’ rating on the shares. The revised target, which still represents an upside of almost 20% from the current levels, comes as the analyst firm updates its targets in the gold and base metals group as part of a Q1 preview.
Similarly, earlier on April 20, the analysts over at William Blair also initiated Cameco Corporation (NYSE:CCJ) with an ‘Outperform’ rating, while assigning the stock a fair value estimate of $165 per share.
The analyst firm highlighted Cameco Corporation (NYSE:CCJ)’s status as the second-largest uranium producer in the world, with the company giving investors exposure to the entire value chain, from uranium ore mining to the nuclear reactor core. Moreover, William Blair sees Cameco’s 49% ownership of Westinghouse Electric Company as a significant advantage, with upside from each new reactor and a “demand flywheel for more nuclear fuel products.”
While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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