Cameco Corporation (CCJ) Hits a Fresh High Amid Price Target Update

Cameco Corporation (NYSE:CCJ) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.

Cameco Corporation (CCJ) Hits a Fresh High Amid Price Target Update

Cameco Corporation (NYSE:CCJ) is one of the largest global providers of uranium fuel to power the ongoing nuclear energy renaissance. The company has a licensed capacity of more than 30 million pounds of uranium concentrates annually, backed by more than 457 million pounds of proven and probable mineral reserves.

Cameco Corporation (NYSE:CCJ) shot up to its all-time high this week after Raymond James recently raised the stock’s price target from C$118 to C$130, while keeping an ‘Outperform’ rating on its shares. As of the writing of this piece, the share price of CCJ has surged by more than 78% since the beginning of 2025.

With nuclear energy back in the spotlight, uranium prices are up by around 25% since March. The nuclear fuel received a significant push, especially after a recent statement by US Energy Secretary Chris Wright that the country is looking to boost its strategic uranium reserves to buffer against Russian supplies.

Cameco Corporation (NYSE:CCJ) also remains committed to its shareholders and has never missed a dividend payment since its IPO in 1991.

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 AI stock that is more promising than CCJ and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.