Canaccord Genuity Raises PT on Cameco Corporation (CCJ), Expresses Confidence in Earnings Outlook

With strong year-to-date gains and significant hedge fund interest, Cameco Corporation (NYSE:CCJ) secures a spot on our list of the 10 Unstoppable Canadian Stocks to Buy Now.

Canaccord Genuity Raises PT on Cameco Corporation (CCJ), Expresses Confidence in Earnings Outlook

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On July 30, 2025, Canaccord Genuity raised its price target on Cameco Corporation (NYSE:CCJ) from $66.35 to $82.94, maintaining a ‘Buy’ rating. This came ahead of the company’s Q2 2025 results, announced on July 31.

The investment firm expressed its confidence in the company’s earnings while remaining cautious about the uranium market, amid rising spot prices and subdued year-to-date term contracting. Furthermore, Canaccord expects Cameco Corporation (NYSE:CCJ)’s Westinghouse segment to remain a critical growth driver.

Looking ahead, the analyst remains confident in Cameco Corporation (NYSE:CCJ)’s strategic positioning and long-term prospects amid rising demand for nuclear energy.

Cameco Corporation (NYSE:CCJ) is a leading uranium producer and nuclear services provider. It is one of the unstoppable stocks.

While we acknowledge the potential of CCJ to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.