09:09 AM EDT, 06/20/2025 (MT Newswires) -- Cameco ( CCJ ) is "uniquely well-positioned" to gain from the recent revival of interest and growing investment in the nuclear energy industry along with a tight commercial market for uranium, RBC said in a note to investors Thursday.

While Westinghouse, which is 49% owned by Cameco ( CCJ ), retains the lead within the industry, Cameco's ( CCJ ) uranium mines are also "low-cost tier 1 assets" that continue to operate well, according to the note.

Cameco ( CCJ ) "has the right mix of assets to meet" market needs, including proven uranium production, conversion capacity, potential long-term enrichment technology, and

nuclear services, the note said.

Cameco's ( CCJ ) nuclear offerings cater to around 50% of the industry worldwide while around 20% of worldwide reactors are Westinghouse designs, the note added.

RBC reiterated its outperform rating on Cameco ( CCJ ) and raised its price target to $100 from $90.