Stocks · News reference
Jefferies Initiates Coverage On Cameco with Buy Rating, Announces Price Target of C$190
Jefferies analyst Laurence Alexander initiates coverage on Cameco (TSX:CCO) with a Buy rating and announces Price Target of C$190.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Nuclear Power Is Back, But Only a Few Stocks Have Customers Signed
Nuclear power is experiencing renewed interest from major tech companies seeking clean energy. While established players like Vistra, Constellation Energy, Cameco, Centrus Energy, and BWX Technologies have signed contracts or operate licensed facilities, early-stage developers like Oklo, NuScale Power, and Nano Nuclear Energy still lack regulatory approvals and face execution risks despite securing customer commitments.
Cameco Stock Is Down 42% From Its Record. Here's How I'd Buy It Around Its Oct. 30 Report.
Cameco's stock has fallen 42% from its January peak to $78.60, driven by broad market sell-offs and interest rate concerns rather than uranium fundamentals. Despite uranium prices reaching above 2007 peaks at $96.50/pound, Cameco's realized prices lag due to older contracts. The author suggests buying in stages around the Oct. 30 earnings report, noting the stock trades at 40x forward earnings—double the S&P 500—making it not yet a bargain despite solid long-term uranium demand.
Uranium Is Near $90 a Pound. Here's My Prediction for What's Ahead for the Fuel.
Nuclear energy is experiencing a global revival driven by decarbonization goals and AI-driven electricity demand. With uranium supplies tightening and inventories dwindling, spot prices near $90/pound are expected to remain elevated around $100/pound over the next few years, with Bank of America projecting prices could reach $130/pound. This supply-demand imbalance benefits uranium miners and nuclear energy producers.
Should You Forget ExxonMobil and Buy Cameco Stock Instead?
ExxonMobil stock has surged 47% this year driven by elevated oil prices, trading at a reasonable 13.3x forward P/E. However, Cameco, a uranium miner down 11% in 2026, may offer better long-term value as nuclear energy demand rises while uranium supply remains constrained. With significant uncommitted production for 2029-2030 and potential uranium price increases to $130/pound, Cameco could deliver faster earnings growth than currently forecasted.
This Nuclear Stock Could Be Your Ticket to Millionaire Status -- and It Didn't Even Need to Build a Reactor First
Centrus Energy is positioned as an attractive nuclear investment opportunity due to its dominant position as the only HALEU enricher in the Western World. With a $4.5 billion backlog of LEU and HALEU sales commitments and a $2.4 billion market cap, the company could potentially grow tenfold as advanced reactor makers scale operations, offering significant wealth-building potential without needing to build reactors itself.