Cameco Corporation (CCO.TO) Buy, Sell or Hold

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Cameco Corporation (CCO.TO)

141.60

+0.41 (0.29%)

as of Aug 24, 2026, 8:00:00 pm Market Open.

547 watching

Investor Insights

Aug 24, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Cameco Corporation (CCO-T) is viewed positively among analysts, primarily due to its pivotal role in the uranium sector amid a growing demand for clean energy and nuclear power. Experts underscore its increasing significance with the rising reliance on nuclear energy, particularly for data center power supplies, as well as company initiatives such as its 50% stake in Westinghouse. While its long-term prospects remain optimistic owing to robust demand, there are concerns regarding its current valuation, which is seen as high by several analysts despite strong growth potential and attractive future earnings. Short-term volatility, driven by profit-taking and market fluctuations, adds a layer of caution for potential investors, pointing towards strategic buying opportunities on pullbacks. Overall, the sentiment is that CCO is well-positioned for future growth, provided investors can navigate through necessary corrections and volatility in the uranium market.

Consensus

Positive

Valuation

Overvalued

Similar

Uranium, URA

BUY ON WEAKNESS

Now in the markup phase, so if we're seeing signs of a bigger commodity cycle taking hold, then we're likely in the early stages and could have more upside. November and December historically strong seasonally for CCO. You can use softness over the coming months to add exposure.

BUY

Should be doing better than it is. Uranium should be doing extraordinarily well. Best way to generate reliable power that isn't going to run out anytime soon. Nuclear is the intelligent, reasonable option. Wind and solar are just not reliable. Nuclear has become safer. Should do well medium-long term.

BUY

Their order book continues to grow. Demand for nuclear power is growing. However, their Q3 was mixed and CCO is trading at a high 45x 2024. AlIt had a huge move in a tough market. He models 104% EPS growth. A good share price now.

TRADE

Owns some based on both aggressive and conservative models. Is in an uptrend but swings a lot. He trades in and out and may add to it. Look at the 5 and 10 year charts.

BUY ON WEAKNESS

Dominant player, very well run, phenomenal assets. Good one if you want exposure to the space. Negative reaction to Westinghouse deal, but it gives them another pillar and a stable service side to their business, an operational benefit. Always worried about secondary supply of uranium that keeps a lid on prices. A green energy option. Wait for pullback, prices are very volatile.

PARTIAL BUY

He bought it earlier this year, because of the transition from fossil fuels to nuclear and green energy will only continue. Can be volatile, so don't buy a ton of shares, but hold this for 5-10 years.

BUY

Environmental concerns stalled uranium, but now issues in Europe are rekindling interest. Solar and wind won't meet all our requirements. Diversifying business by doing nuclear consulting, a great move. Should do well. Issue is it trades like a commodity.

TOP PICK

Not a high quality investment stock, only because intrinsic value lags stock price. Expansion of nuclear as a replacement for fossil fuels, virtually worldwide, is huge. Uranium is astonishingly efficient. Addition of Westinghouse is a nice adjunct. Yield is 0.37%. (Analysts’ price target is $43.76)

DON'T BUY

Tough to buy here at $31.66, when 2 years ago it was $12. He sees all the arguments for uranium and nuclear power, but he's not a believer. Model price is $25.02, downside of -21%. Needs earnings to motivate the stock. If there's a pullback, he'd sharpen his pencils for a possible long-volatility strategy.

WATCH

She's watching the uranium sector, because it could be part of this trend to renewable energy. Cameco announced it will buy Westinghouse, and did an equity issue to do this at a 15% discount to the market. That's why shares fell last week. They are few investments for uranium, so she's watching this.

BUY ON WEAKNESS

Highest class Uranium producer in the world. Trading at high multiple. Delays in approvals for projects. Nuclear power plants low priority for politicians. Nuclear power clear path forward for energy supply.

TOP PICK

Transitioning to clean energy is needed but won't happen overnight. So, there will be stronger demand for nuclear power and uranium. (Analysts’ price target is $44.95)

DON'T BUY

With the shift from fossil fuels, looks like it will come into favour. They're so affected by politics. One accident sends a chill on development. Primary supplier if the market comes back, but this can take a long time.

TOP PICK

One of the world's largest uranium producers, and among the few pure-play uranium stocks and not held by a government. They have two high-grade mines in Saskatchewan and a joint venture in Kazakstan. They have 450 million pounds of uranium reserves. They have the world's largest, high-grade uranium mine. They are the go-to uranium name. Utilities are scrambling to find non-Russian uranium. CCO is poised to triple earnings next year based on rising demand and prices. Shares have risen, but will continue to rise. (Analysts’ price target is $44.42)

BUY ON WEAKNESS

She's been looking at uranium long term as a viable, even green, energy source. She's watching Cameco--lots of capacity. These stocks have done very well this year, so she's waiting for a pullback.

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