Small But Mighty: 10 Stocks That Stunned Wall Street Today

8. Cameco Corporation (NYSE:CCJ)

Cameco Corp. extended its winning streak to a fifth straight day on Monday, adding 10.74 percent to finish at $66.91 apiece as investors mirrored two investment firms’ bullish stance on the company.

On Monday, Raymond James Financial raised its price target for Cameco Corporation (NYSE:CCJ) to CA$96 from CA$88 previously while maintaining its “outperform” rating on the stock, amid its advantageous position in the uranium market, diversified sources, and long-term contract portfolios that protect the company from the volatility of spot uranium prices.

Meanwhile, Cameco Corporation (NYSE:CCJ) also received a price target of CA$95 from BMO Capital Markets, higher than CA$85 previously, with a maintained “outperform” rating.

According to BMO Capital, the optimism reflects its huge advantage from its subsidiary’s partnership with Korea Hydro & Nuclear Power (KHNP) in Czech Republic, which is expected to add $170 million to Cameco Corporation’s (NYSE:CCJ) share of Westinghouse’s EBITDA.

Additionally, BMO Capital is optimistic about Cameco Corporation (NYSE:CCJ) for the rest of the year, projecting a CA$2.27 billion EBITDA or a 12-percent increase in the full-year 2025 period.