Uranium Co. Begins Drilling at High-Grade Eastern Athabasca Basin Project
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Drilling Program Announcement: Skyharbour Resources Ltd. has initiated a 2,500-meter summer drilling program at its Moore uranium project in Saskatchewan, aiming to expand and characterize high-grade mineral zones, with plans for additional drilling at the adjacent Russell Lake project later this fall.
Market Outlook for Uranium: Analysts predict a rising demand for nuclear energy, which is expected to drive uranium prices up, with projections indicating a potential price rebound to $98/lb later this year and an average of $110/lb by 2025, as governments increase nuclear power capacity to meet zero-carbon targets.
Analyst Views on CCJ
Wall Street analysts forecast CCJ stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCJ is 105.67 USD with a low forecast of 71.80 USD and a high forecast of 118.78 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 122.330
Low
71.80
Averages
105.67
High
118.78
Current: 122.330
Low
71.80
Averages
105.67
High
118.78
About CCJ
Cameco Corporation is a provider of uranium fuel to generate baseload electricity around the globe. Its segments include uranium, fuel services and Westinghouse. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment reflects its earnings from this equity-accounted investment. Westinghouse is a nuclear reactor technology original equipment manufacturer and a global provider of products and services to commercial utilities and government agencies. It provides outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts to nuclear reactors. It has two operating mines, Cigar Lake and McArthur River as well as a mill at Key Lake. It also has ownership interests in Global Laser Enrichment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
