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

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Cameco Corporation (CCO.TO)

110.13

-0.42 (0.38%)

as of Oct 23, 2026, 8:00:01 pm Market Closed.

552 watching

BUY

CCO vs. NXE

Two very different beasts in the same industry. NXE will probably have the next project built in Canada. CCO is the granddaddy of traditional mining. Buy NXE if you're looking for the rerate, but with it comes risk. Doesn't see an issue getting fully financed, but then comes execution. Track record for things going according to plan is not great for mining.

CCO is your best way to get exposure to uranium, which is undergoing a renaissance. Predictability, bit of a dividend, real upside from today's uranium price.

BUY

Interesting, because the world is looking at nuclear power again, so Cameco can benefit. Cameco signed a deal with Brookfield to manage nuclear businesses--they're diversify, which is good. Will benefit from trend for smaller nuclear plants.

BUY ON WEAKNESS

Uranium is a good transition fuel.
Believes business prospects good (short term).
Long term prospects for business not as good (renewables better option).

DON'T BUY

View on uranium has totally changed over the last couple of years. Energy transition is very difficult to do without something like uranium. Spot pricing probably less volatile than oil or gas. From time to time, disappoints on the quarter. Westinghouse servicing component gives them more vertical integration and cashflow stability, lowers risk profile. Go-to name, but valuation has come up so he's leery.

BUY

It's going to do well because uranium is going to do well. Interesting, because recent Westinghouse acquisition will smooth some of the volatility of uranium, gives them more of a consulting business.

COMMENT

Likes company and owns shares in company. Believes company will have strong growth going forward. Uranium mine in Saskatchewan set to be put back online (will double production). Global demand for Uranium rising. Recent announcement to buy Western House nuclear reactor very positive. Global ESG investors also buying shares.

BUY

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)

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Cameco Corporation (CCO.TO)