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Cameco (CCJ) Stock Surges Amid Global Uranium Demand Boom
Cameco (CCJ) Stock Surges Amid Global Uranium Demand Boom
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BTCCSquare news:
Cameco Corporation's stock has surged 14.9% in the past month and 59% year-to-date, fueled by rising global demand for uranium. Bernstein analyst Bob Brackett maintains a Buy rating with a $74 target, while DCF analysis suggests a fair value of CA$117.43—1.5% above current levels. The stock trades at a lofty 97.3x PE, far exceeding industry and peer averages.
Q2 2025 results showcased robust performance, with adjusted net earnings of $308 million and EBITDA of $673 million. Over five years, total returns have skyrocketed 835%, as nuclear energy regains favor among governments seeking low-emission power solutions. Geopolitical tensions and shifting supply dynamics continue to drive uranium market volatility.
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