TD Securities Upgrades Cameco Corporation (CCJ) to Buy; Increasing Sense That Uranium Has Bottomed

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TD Securities upgraded Cameco Corporation (NYSE: CCJ) from Hold to Buy, price target raised from C$28 to C$30.

Analyst, Greg Barnes, said, "The improved tone in the uranium market should translate into higher prices for the commodity later this year. In our opinion, with Cameco trading at a discount to our NAV versus the historical average of 1.4x, the low-$20 share price range is an attractive entry point for investors seeking exposure to the longer-term positive uranium market fundamentals."

For an analyst ratings summary and ratings history on Cameco Corporation click here. For more ratings news on Cameco Corporation click here.

Shares of Cameco Corporation closed at $21.18 yesterday, with a 52 week range of $16.59-$31.11.

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