Cameco Corporation (CCJ)

Investing.com - Barclays initiated coverage on Cameco Corp. (TSE:CCO) (NYSE:CCJ) with an Equalweight rating and set a price target of C$149.00 for the Canadian listing and $108.00 for the U.S.

However, the company is still pre-production, earnings remain negative and the stock already trades at a premium valuation after a sharp rally. Cameco seems to be the safer bet currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations…

Recently, Zacks.com users have been paying close attention to Cameco (CCJ). This makes it worthwhile to examine what the stock has in store.

Discover Cameco Corp (CCJ), a top growth stock with 143% earnings growth, strong fundamentals, and a bullish technical breakout setup near support—ideal for momentum-driven investors.

If the Bank of Canada starts cutting rates, investors may be more willing to pay for cyclical and long-term growth themes. The post BoC Watch: 2 Canadian Stocks That Could Jump on Rate Cuts appeared first on The Motley Fool Canada.