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Highlights
Cameco Corporation (TSE: CCO), one of Canada’s leading uranium producers, has received an updated price target from National Bankshares amid a modest uptick in share price. In a research note issued recently, the investment firm raised its 12-month price target for the stock from C$100.00 to C$110.00, while maintaining its “Outperform” rating. The upward revision indicates a continued expectation for relative market outperformance.
The stock closed at C$109.02, up 1.3% on the day the report was released, leaving minimal headroom to the new target. The small differential suggests that analysts see limited near-term upside, but still expect the company to trade slightly above its current valuation based on uranium market trends and Cameco’s positioning.
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