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Stocks drift down to start weekTSX and oil climb, Wall Street pausesStocks rally despite hot inflationThis summary was created by AI, based on 40 opinions in the last 12 months.
The consensus among the experts seems to be that Cameco Corporation (CCO-T) is experiencing a surge in its stock price due to the global renaissance of nuclear energy. The company is one of the largest uranium producers, and its acquisition of Westinghouse has been viewed positively. However, opinions are divided on the stock's valuation, with some experts highlighting its high price and others pointing to the potential for future earnings growth. Overall, the uranium sector is seen as having strong potential, but there are concerns about the unpredictable nature of commodity prices and the long lead times for completing nuclear projects.
They had a spectacular run for the last two years. He rode this, but now the whole world is on this. Shares are pulling back, because nuclear plants take a long, long time to complete. With the price of uranium, countries and companies need to build new mines and these take time. Buy on pullback but only partially. He expects lower prices ahead.
They had a spectacular run for the last two years. He rode this, but now the whole world is on this. Shares are pulling back, because nuclear plants take a long, long time to complete. With the price of uranium, countries and companies need to build new mines and these take time. Buy on pullback but only partially. He expects lower prices ahead.
A go-to name in the energy renaissance in NA. Expensive at 27x 2025 earnings. Modelling 40% EPS growth. A good name. Probably in Buy territory on the 200-day MA. A buy on fundamentals.
He feels it is too expensive and could easily come off even with increasing uranium prices. It could make $3 billion in the next 5 to 7 years but the market cap is 23 billion. Has 1 1/2 billion in assets now. He moved their uranium holdings to Denison for production in two years without the volatility of Cameco.
When Russia invaded Ukraine there were fears of an energy shortage and a drive for nuclear power, despite its long lead time to build these plants. That catalyst pushed CCO shares up; the easy money has been made. Shares are too high now.
Has owned for a long time, rare for him. Consolidating right now. Might see more yo-yo action, but picture is good so far. As long as it doesn't truly break down, he'll stay in. Not a bad point to buy, but may tread water a while.
It just broke its previous 2007 high. CCO is at the heart of the current energy transition. Little uranium will come on stream in the next 5 years. So, there's a built-in glut. If you have a strong profit, sell half, but hold this long term. Expect volatility in all uranium.
Uranium sector off to a strong start in 2024. Contractual commitments a concern due to rising spot price (not maximizing revenue). Quesiton is whether production can be increased in Saskatchewan. Nuclear power trend moving in the right direction. Small modular reactors a promising development (new market for company). Recently sold on stock price strength. Would wait for weakness in shares before buying. Fundamentals look good.
Renaissance for nuclear energy. Lots of positive sentiment. With Westinghouse, changed business mix a bit, no longer as sensitive to uranium commodity price. Also gives them some servicing revenues. Likes the strategy. Revenue growth quite strong, cashflow strong.
Valuation still too high, he's wary. Hot sector, a lot of money's rushed in. Buy on weakness.
Does not own shares in Uranium. Unsure on future of nuclear demand. Stigma is that nuclear energy is risky. Would prefer investing in oil/gas stocks.
He likes uranium in the materials space and nuclear energy as a power source. It was the first in the materials sector to make a new high when materials turned higher. It is a big producer and recently exceeded its all time high. Earnings should be up a lot. He owns BWX Technologies (BWXT). It has been building small nuclear reactors for decades for the U.S. military and running them safely. It is now getting them commercialized and working with Ontario Power.
If not the best, one of the very-best-performing commodity stocks in Canada. With the Russia-Ukraine conflict, Canadian uranium's at a premium. Canadian uranium good, Russian uranium bad. Likes nuclear power, low on greenhouse gases, reliable, doesn't depend on wind or sun.
We think the uranium sector does still have room to run, and CCO is seen as the large cap 'go to' stock for global investors within the sector. It's not perfect (investors don't like its hedging programs) and not cheap on valuation, but EPS could potentially double this year and with good momentum in the sector it probably does go higher.
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Cameco Corporation is a Canadian stock, trading under the symbol CCO-T on the Toronto Stock Exchange (CCO-CT). It is usually referred to as TSX:CCO or CCO-T
In the last year, 34 stock analysts published opinions about CCO-T. 23 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cameco Corporation.
Cameco Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Cameco Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
34 stock analysts on Stockchase covered Cameco Corporation In the last year. It is a trending stock that is worth watching.
On 2024-04-24, Cameco Corporation (CCO-T) stock closed at a price of $66.81.
One of the world's largest producers of uranium, essentially a pure play. One of a very small number of public companies in the space. Stable source. Uranium markets are very tight. Earnings up 134%, expected to rise again this year and next. Perfect fit for a momentum portfolio. Change in prevailing view on nuclear energy. Westinghouse acquisition is the icing on the cake. Yield is 0.2%.
(Analysts’ price target is $73.71)