Cameco Corporation (NYSE:CCJ) is one of the best NYSE stocks to buy and hold for the next decade. On October 10, Raymond James raised the firm’s price target on Cameco to C$130 from C$118 and set an Outperform rating on the shares. The analyst at Raymond James noted that gold and silver price forecasts have been raised for both the near and long term.
The upward revision by the firm reflects several factors: strong year-to-date performance of the metals, continuing economic & political uncertainty, and expectations for higher operating & incentive costs linked to an increase in reserve and resource pricing.
Additionally, on October 9, Bernstein analyst Bob Brackett maintained a Buy rating on Cameco and set a price target of $98.00.
Cameco Corporation (NYSE:CCJ) provides uranium for the generation of electricity. It operates through three segments: Uranium, Fuel Services, and Westinghouse.
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Disclosure: None. This article is originally published at Insider Monkey.
