Proactive Investors
27 Jul 2026, 19:49 UTC · 14w ago
Cameco gets UBS upgrade on strengthening uranium bull case
Impact · against what's priced in
Cameco's upgrade and the record uranium term prices provide a positive catalyst, particularly as UBS suggests the stock's recent pullback was driven by sentiment rather than fundamentals. The acceleration of utility contracting into the 2040s and the strategic value of the Westinghouse/AP1000 deployment offer structural upside to the current valuation.
- CCO+0.60
No priced-in read yet
- In context
UBS upgrades the stock to 'Buy' with a C$166 target, citing record term contract prices of $96/lb and accelerated utility procurement extending into the 2040s.
Read from the article alone
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