The Globe and Mail reports in its Wednesday, Aug. 16, edition that Scotia Capital analyst Orest Wowkodaw has reiterated his "sector outperform" recommendation for Cameco. The Globe's David Leeder writes in the Eye on Equities column that Mr. Wowkodaw's share target leaped $6 to $54. Analysts on average target the shares at $50.14. Mr. Wowkodaw says in a note, "Overall, Teck [Resources] and [Cameco] are our top picks, while [First Quantum Minerals] and [Capstone Copper] remain our other preferred picks for Cu exposure." Mr. Wowkodaw notes that Cameco currently "has an attractive 12-month average implied return of 26 per cent." The Globe's Konrad Yakabuski was bullish on the outlook for Cameco on April 26 when the shares could be had for $35.59. The Globe reported on Jan. 12 and May 2 that Raymond James analyst Brian MacArthur rated Cameco "outperform" when it could be had for $34.24 and $36.69. In the May 12 item, Mr. MacArthur called Cameco a "lower risk" play. The Globe reported on Aug. 4 that Mr. MacArthur had reaffirmed his "outperform" recommendation for Cameco. In the item he said, "We believe Cameco provides investors with lower-risk exposure to the uranium market." Its shares were then worth $45.02.