Free Trial

Cameco (CCJ) Stock Forecast & Price Target

$46.63
+0.18 (+0.39%)
(As of 07/19/2024 ET)

Cameco - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for Cameco in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 1 has given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CCJ.

Consensus Price Target

$59.50
27.60% Upside
High Forecast$62.00
Average Forecast$59.50
Low Forecast$56.00

According to the 5 analysts' twelve-month price targets for Cameco, the average price target is $59.50. The highest price target for CCJ is $62.00, while the lowest price target for CCJ is $56.00. The average price target represents a forecasted upside of 27.60% from the current price of $46.63.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$59.50$59.00$55.50N/A
Forecasted Upside27.60% Upside33.83% Upside39.89% UpsideN/A
Get Cameco Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for CCJ and its competitors with MarketBeat's FREE daily newsletter.

CCJ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

CCJ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Cameco Stock vs. The Competition

TypeCamecoBasic Materials CompaniesS&P 500
Consensus Rating Score
3.00
2.63
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside27.60% Upside390.30% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/26/2024Bank of America
4 of 5 stars
 Boost TargetBuy ➝ Buy$59.00 ➝ $60.50+19.64%
6/7/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$56.00 ➝ $62.00+14.08%
12/19/2023Cantor Fitzgerald
3 of 5 stars
 DowngradeBuy ➝ Neutral
10/3/2023TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetAction List Buy ➝ Action List BuyC$55.00 ➝ C$70.00
9/29/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$54.00 ➝ C$70.00
9/5/2023Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$49.50 ➝ $56.00+50.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:53 AM ET.

CCJ Forecast - Frequently Asked Questions

What is Cameco's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is $59.50, with a high forecast of $62.00 and a low forecast of $56.00.

Should I buy or sell Cameco stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last year. There is currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CCJ shares.

Does Cameco's stock price have much upside?

According to analysts, Cameco's stock has a predicted upside of 29.52% based on their 12-month stock forecasts.

What analysts cover Cameco?

Cameco has been rated by research analysts at Bank of America, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Cameco more than its competitors?

Analysts like Cameco more than other "basic materials" companies. The consensus rating for Cameco is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how CCJ compares to other companies.


This page (NYSE:CCJ) was last updated on 7/21/2024 by MarketBeat.com Staff

From Our Partners