Back

Bullish Case: CCJ's dominant market position and rising uranium demand suggest growth, reinforced by clean energy trends, global commitments to nuclear power, and positive analyst coverage with a target price of $55.


Bearish Case: Antitrust scrutiny, bearish options market sentiment, possibility of volatile uranium prices, and operational challenges present downside risk for CCJ.


Potential Outcomes:

1. Continued industry growth with high uranium demand (60%);

2. Short-term volatility due to market uncertainty (40%);

3. Positive financial performance impact (55%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 09, 2024


Cameco Forecast

CCJ        Cameco
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with CCJ



DNN Forecast + Options Trading Strategies   DNN  Denison Mines (0.96)


URNM Forecast + Options Trading Strategies   URNM  North Shore Global Uranium Mining (0.96)


UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (0.95)


NXE Forecast + Options Trading Strategies   NXE  NexGen Energy (0.94)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to CCJ



SABR Forecast + Options Trading Strategies   SABR  Sabre (0.0)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (0.0)


UAA Forecast + Options Trading Strategies   UAA  Under Armour (0.0)


EQX Forecast + Options Trading Strategies   EQX  Equinox Gold (0.0)


COTY Forecast + Options Trading Strategies   COTY  Coty (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CCJ



EBS Forecast + Options Trading Strategies   EBS  Emergent Biosolutions (-0.9)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (-0.9)


SKIN Forecast + Options Trading Strategies   SKIN  Beauty Health Company (The) (-0.9)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (-0.92)


BMY Forecast + Options Trading Strategies   BMY  Bristol-Myers Squibb (-0.93)





Become a more profitable investor with AI optimized trading strategies






×

Chat with CCJ


 Ask any question about CCJ!