Analyst Price Target is C$141.08
▲ +7.44% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for Cameco in the last 3 months. The average price target is C$141.08, with a high forecast of C$175.00 and a low forecast of C$96.00. The average price target represents a 7.44% upside from the last price of C$131.31.
Current Consensus is
Buy
The current consensus among 15 polled investment analysts is to buy stock in Cameco. This Buy consensus rating has held steady for over two years.
Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.
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