BofA lifts price targets for miners on bullish gold and silver outlook
$CCJ $80.20 Pre-market🌞 https://t.co/MS295RJlPi
BofA Raises Cameco PT to Cdn$130 from Cdn$110 - Buy Analyst comments: "Last night, $CCJ announced a 3–4 million pound, or 8% to 11% reduction in its 2025 consolidated uranium (U3O8) production guidance of 36 million pounds (100% basis, excluding the third-party operated Kazakh
Cameco Corp. lowered its 2025 consolidated uranium production target by roughly 3 million to 4 million pounds, an 8 %–11 % reduction from the earlier goal of 36 million pounds. The company said in a production update that it remains “strategically well-positioned for continued long-term value creation,” without detailing the operational factors behind the guidance cut. Despite the lower outlook, Cameco’s U.S.-listed shares rose 2.6 % in pre-market trading to about US$80.20, helping lift other uranium producers. Market participants framed the trimmed target as manageable given tight global supply and resilient demand for nuclear fuel. Bank of America reiterated its Buy recommendation on Cameco and raised its 12-month price target to C$130 from C$110, citing supportive uranium fundamentals and the miner’s large contracted order book.
