Scotia Capital Scotia Capital’s Orest Wowkodaw raised his Cameco Corp. target to $54 from $48 with a “sector outperform” rating. The average is $50.14.
“Overall, TECK and CCO are our top picks, while FM and CS remain our other preferred picks for Cu exposure; we also recommend CIA, ERO, FCX, HBM, and IVN. Among the developers, we recommend IE. Among the royalties, we prefer ECOR. Our Sector Outperform-rated equities currently have an attractive 12-month average implied return of 26 per cent,” he said.