Stock Price & Analysis

Based on the provided data and recent market activity, here's a concise analysis of CCJ stock:

Technical Analysis

• Currently trading at $43.575, showing weakness with RSI at 32.25 indicating oversold conditions
• Below all major moving averages (5-day: $46.34, 20-day: $48.96, 60-day: $52.69)
• Trading near the lower Bollinger Band ($41.89), suggesting potential support level

Recent Developments

• Price target adjustments by major firms:
  • Canaccord lowered target from C$85 to C$82.50
  • Raymond James reduced from C$88 to C$85
  • Both maintain positive ratings (Buy/Outperform)

Market Position

• Strong fundamentals with expected annual dividend increase in 2025
• Strategic positioning in nuclear energy sector amid growing global demand
• Concerns over potential 10% U.S. tariff on Canadian energy imports could impact pricing

Buy Signal Indicators

• Current price represents an attractive entry point given:
  • Oversold technical conditions
  • Strong analyst support with price targets significantly above current levels
  • Growing nuclear energy demand globally
  • Strategic market position as one of largest uranium producers

Based on technical and fundamental factors, CCJ presents a buying opportunity at current levels, particularly for investors with a long-term horizon.

Based on the provided data and recent market analysis, here is the price prediction for CCJ stock in 2025:

The uranium producer Cameco (CCJ) is expected to reach $65-70 by end of 2025, driven by strong uranium demand fundamentals and nuclear energy expansion. The stock price projection is supported by several key factors: the global initiative to triple nuclear energy capacity by 2050, increasing data center power demands growing at 15% annually through 2030, and Citigroup's forecast of uranium prices averaging $110 per pound in 2025.

The technical analysis shows CCJ is currently in a consolidation phase around $43-44 level after pulling back from recent highs. The stock has strong support at the $41-42 range based on previous price action and the 200-day moving average. The company's fundamentals remain solid with Q4 2024 earnings expected to show 53% year-over-year improvement and 20% revenue growth. Additionally, Cameco has secured long-term commitments for 29 million pounds of uranium annually through 2028, providing stable revenue visibility.

The S1 support level for CCJ Stock is $43.22 ,The R1 resistant level for CCJ Stock is $49.83.

As of the end of day on 2025-02-27, the price of CCJ Stock was $43.48.

The target price for CCJ Stock according to analyst rating is 63.44, with the highest price target at 68.38 and the lowest at 59.92. Analysts have a Strong Buy rating on CCJ Stock overall.

The market cap of CCJ is $19.5B.

Based on the financial data and technical indicators, CCJ is not overvalued at the current price of $43.56. The company has shown remarkable financial improvement with revenue growing 38.5% YoY to CAD 2.59B in FY2023, while net income surged 304% to CAD 360.8M. Technical indicators suggest the stock is currently oversold with RSI-14 at 32.25 and trading below its 60-day moving average of $52.69, indicating potential upside. The stock's current price sits near the Fibonacci support level of $42.41, providing a strong technical foundation. The improving fundamentals, including expanded gross margins from 12.49% to 21.7% YoY, justify the current valuation levels.

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.

Based on the provided data and recent market developments, here's a comprehensive analysis of CCJ's potential price by 2030:

Technical Analysis and Current Market Position

Price Projection Analysis for 2030

The uranium market is experiencing a significant transformation driven by several key factors:

1. Nuclear Energy Renaissance:

• Global commitment to triple nuclear energy capacity by 2050
• Support from 14 major financial institutions including Bank of America, Citigroup, and Morgan Stanley
• Growing data center power demand projected at 15% annual growth through 2030

2. Supply-Demand Dynamics:

• Cameco's committed supply of 29 million pounds per year through 2028
• Production target of 23.1 million pounds for 2024
• Citigroup projects uranium prices could average $110/pound in 2025

3. Market Position Strength:

• Strategic assets in Saskatchewan and United States
• 40% stake in Kazakhstan operations
• 49% ownership in Westinghouse

Based on these factors and current market trends, CCJ stock is projected to reach $95-105 by 2030, representing a compound annual growth rate (CAGR) of approximately 15-17%. This projection is supported by:

• Growing global nuclear energy demand
• Limited uranium supply capacity
• Strategic positioning in key markets
• Strong institutional backing

CCJ has a total of 2638 employees.