🟢 Cameco is trading 4.13% up today after Jefferies initiated coverage with a Buy rating

Cameco is trading at CA$138.97, +4.13%, after Jefferies initiated coverage with a Buy rating.

• The initiation came before the September 3, 2026 open; Jefferies set a US$138 price target and called Cameco undervalued and positioned for Western nuclear expansion.
• The analyst note was the dominant sentiment driver; broader gains in major indexes and uranium-sector peers added support.
• Shares reached a session high, with constructive nuclear-demand expectations and Cameco’s Westinghouse exposure amplifying the company-specific move.