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Analysts Offer Insights on Energy Companies: Cameco (CCJ) and Denison Mines (DNN)

Tipranks - Tue Jun 16, 12:12PM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Cameco (CCJ) and Denison Mines (DNN) with bullish sentiments.

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Cameco (CCJ)

Bank of America Securities analyst Lawson Winder maintained a Buy rating on Cameco today. The company’s shares closed last Monday at $106.99.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 15.6% and a 54.6% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Freeport-McMoRan, and Cleveland-Cliffs. ;'>

Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $122.80, which is a 17.0% upside from current levels. In a report issued on June 4, TipRanks – PerPlexity also upgraded the stock to Buy with a C$179.00 price target.

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Denison Mines (DNN)

In a report issued on June 12, Craig Hutchison from TD Cowen maintained a Buy rating on Denison Mines, with a price target of C$6.50. The company’s shares closed last Monday at $3.37.

According to TipRanks.com, Hutchison is a 5-star analyst with an average return of 29.3% and a 59.8% success rate. Hutchison covers the Basic Materials sector, focusing on stocks such as Lithium Americas Corp., First Quantum Minerals, and Lithium Argentina. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Denison Mines with a $4.76 average price target.

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