There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Cameco (CCJ – Research Report) and Precision Drilling (PDS – Research Report) with bullish sentiments.
Cameco (CCJ)
In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Cameco, with a price target of C$74.00. The company’s shares closed last Friday at $49.71.
According to TipRanks.com, MacArthur is a 5-star analyst with an average return of
Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $54.76, a 12.3% upside from current levels. In a report issued on January 8, Bank of America Securities also maintained a Buy rating on the stock with a $55.50 price target.
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Precision Drilling (PDS)
RBC Capital analyst Keith Mackey maintained a Buy rating on Precision Drilling today and set a price target of C$122.00. The company’s shares closed last Friday at $54.56.
According to TipRanks.com, Mackey is a 5-star analyst with an average return of
Precision Drilling has an analyst consensus of Strong Buy, with a price target consensus of $100.62, implying an 80.4% upside from current levels. In a report issued on January 8, Stifel Nicolaus also maintained a Buy rating on the stock with a C$135.00 price target.
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Read More on CCJ:
- Shares of Cameco, NexGen Energy spike after U.S. DOE call for uranium
- U.S. looks to increase production of higher-energy uranium, DOE says
- Cameco call volume above normal and directionally bullish
- Cameco price target raised to $55.50 from $51 at BofA
- Unusually active option classes on open December 22nd
