The share price of Cameco Corporation (NYSE:CCJ) surged by 6.53% between January 16 and January 23, 2026, putting it among the Energy Stocks that Gained the Most This Week.
Cameco Corporation is one of the largest global providers of uranium fuel, which powers the ongoing nuclear energy renaissance.
On January 15, Raymond James analyst Brian MacArthur raised the firm’s price target on Cameco Corporation from C$150 to C$165, while maintaining an ‘Outperform’ rating on the shares. The revision comes as part of the analyst firm’s latest mining update. Raymond James continues to favor copper in the base metals complex, with the firm expecting growing deficits in the medium- to long-term.
As one of the largest global suppliers of nuclear fuel, Cameco Corporation also received a boost from the recent jump in prices of uranium. Uranium futures surged past $88 per pound on January 23, their highest level in 18 months, as signs of stronger long-term demand spurred by fresh buying from physical funds.
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