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Cameco, Denison Mines Remain as National Bank of Canada's Top Uranium Picks
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Cameco, Denison Mines Remain as National Bank of Canada's Top Uranium Picks
May 26, 2025 1:25 PM

11:11 AM EDT, 05/23/2025 (MT Newswires) -- Cameco ( CCJ ) and Denison Mines ( DNN ) remained as National Bank of Canada's top picks in the uranium space amid reports that US President Donald Trump is expected to sign executive orders to boost the country's nuclear industry.

The bank said in a Friday note that orders would reportedly streamline the regulatory approval process for new nuclear reactors and bolster the nuclear fuel supply chain.

The expected fast-tracking of reactor buildouts in the United States should be positive for long-term domestic uranium demand, the bank said.

Cameco ( CCJ ) shares were kept at outperform with an $81.00 price target.

The bank maintained maintained its outperform rating and $3.75 price target.

Price: 7.19, Change: +0.94, Percent Change: +15.04

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