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BMO Capital Raises PT on Cameco Corporation (CCJ) to $86.72, Maintains ‘Outperform’ Rating

Fri, Sep 12, 2025, 9:59 AM 1 min read

Cameco Corporation (NYSE:CCJ) is one of the 12 Best Uranium Stocks to Buy Right Now.

BMO Capital Raises PT on Cameco Corporation (CCJ) to $86.72, Maintains ‘Outperform’ Rating

On August 29, 2025, BMO Capital raised its price target on Cameco Corporation (NYSE:CCJ) from $79.49 to $86.72, maintaining an ‘Outperform’ rating. This price revision comes despite the company’s warning of a 19% production cut at McArthur River. While the impact on EBITDA is projected to be less significant, higher third-party U3O8 purchases could reduce free cash flow by 5%.

At the same time, the investment firm emphasized that the deepening uranium supply deficit, which is expected to result in stronger prices ahead of the World Nuclear Symposium, can spark fresh contracting activity, bolstering investor confidence in uranium producers, such as Cameco Corporation (NYSE:CCJ).

Cameco Corporation (NYSE:CCJ) is focused on exploration, mining, refining, conversion, and fabrication of uranium concentrate, serving global nuclear energy markets through its Uranium and Fuel Services segments. It is one of the best uranium stocks.

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.