01:05 PM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by CAD2 to CAD75, reflecting a 2025 price/sales ratio of 9.6x, a premium to CCO's historical average to reflect a stronger uranium price landscape, despite moderation from recent pricing highs, as well as expectations of margin growth and an improving global outlook for nuclear power, in our view. Despite the gradual decline in uranium spot prices since reaching record highs in early 2024, CCO continues to benefit from its contracting strategy, helping it achieve higher average realized pricing. CCO maintains a large long-term contract pipeline, which we think offsets some of the risks of near-term weakness in contracting due to an uncertain macroeconomic environment in the U.S. and abroad. The company recently repaid all remaining debt related to the Westinghouse acquisition, and we expect a return to a negative net debt position by year-end 2026. We lower our 2025 EPS estimate to CAD1.24 from CAD1.61 and 2026 to CAD2.14 from CAD2.18.