Cameco (NYSE:CCJ) faces a potential 2026 production hit after Orano’s McLean Lake mill outage from a sulfuric acid plant problem, though a restart is expected in about two weeks; RBC Capital remains upbeat, raising its CCJ price target to $175 and keeping an Outperform.
Previous Week Recap
- McLean Lake Mill Offline; Restart In Two Weeks: Cameco (CCJ): Orano’s McLean Lake mill is offline after a sulfuric acid plant issue. Restart expected in about two weeks; 2026 production outlook may be affected if delays continue.
- RBC Upgrades Cameco Target To $175: RBC Capital kept an Outperform on Cameco Corporation (CCJ) and raised its price target from $160 to $175 per share, signaling higher valuation support for traders.
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