Noor Ul Ain Rehman
1 min read
In This Article:
Cameco Corporation (NYSE:CCJ) is one of the 10 Hot Large Cap Stocks to Buy Now. In a report released on June 12, Gordon Johnson from GLJ Research maintained a Buy rating on Cameco Corporation (NYSE:CCJ) with a price target of $75.27. The analyst based the rating on the company’s potential for growth, stating that its 49% stake in Westinghouse is expected to contribute to its Q2 earnings significantly.
He reasoned that the primary reason behind this optimistic growth outlook is Westinghouse’s involvement in the construction of two new nuclear reactors in the Czech Republic. The analyst expects this development to bring about a notable boost to Cameco Corporation’s (NYSE:CCJ) EBITDA, indicating strong year-over-year growth.
A close up of the reactor core, highlighting the complexity of the uranium power process.
Cameco Corporation (NYSE:CCJ) provides uranium and operates through the Uranium and Fuel Services segments. The Uranium segment explores, mines, purchases, and sells uranium concentrate, while the Fuel Services segment undertakes the refining, conversion, and fabrication of uranium concentrate along with the sale and purchase of conversion services.
While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
