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

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Cameco Corporation (CCO.TO)

158.44

-1.08 (0.68%)

as of Jun 4, 2026, 8:00:01 pm Market Open.

546 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 45 opinions in the last 12 months.

Cameco Corporation (CCO) has emerged as a significant player in the uranium sector, driven by a global resurgence in nuclear power demand. Most experts appear optimistic about its long-term prospects, noting that the combination of geopolitical tensions, especially the Ukraine-Russia war, and the growing shift towards clean energy sources favors the uranium market. The company has strong fundamentals with increasing earnings and a notable strategic acquisition of Westinghouse, enhancing its operational capabilities. However, many analysts express concerns over its high valuation, with a considerable number recommending to wait for a price pullback before initiating positions. Despite the positive sentiment around nuclear energy as part of the future energy mix, opinions vary on the appropriate entry points for investment, with current price levels prompting caution among some investors.

Consensus

Cautious

Valuation

Overvalued

Similar

NTR,NTG

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.

BUY

CCO vs. NXE He'd prefer CCO, as it's more mature. Outlook for uranium is quite positive, given war in Ukraine and energy bottlenecks. High quality. Well run, efficient. Pays a dividend.

BUY

CCO vs. NXE Uranium looks good, one of the sectors that's up on the year. Demand is strong, supply is getting tighter. Institutional quality, anyone can invest in it. Good cycle in front of us. Whereas NXE is a much-earlier-stage company, so risks are higher. He owns both.

WEAK BUY

CCO vs. NXE He'd lean towards CCO, go-to name, largest producer in the world. The large players attract more international interest. NXE is a small cap, it may not get as much interest, and so the valuation may not get as high. CCO valuation is a bit extended. Outlook for uranium is positive. He'd look at the Sprott U.UN, which is a direct play on uranium prices, rather than the producers.

BUY

Shown good discipline managing supply into the market. Good proxy for uranium, which looks good going forward. Future will be more modular, smaller scale and capex. Yield around only 0.5%, which he could see growing over time.

BUY

Allan Tong’s Discover Picks Despite these realities, nuclear is coming back and so is uranium, its essential ingredient. Cameco is the go-to stock here. U.S. President Biden announced in early June that he’s pushing for $4.3 billion plan to buy enriched uranium from domestic producers to wean the country off Vladimir Putin’s supply. On June 7, shares of Cameco soared from roughly $31.40 to $34.40. Shares peeled back over the rest of the week, but remained well above $32.50. Even prior to that, Cameco was making 52-week highs, touching $40 in mid-April, nearly double its late-January price. Cameco has momentum. Read 3 rock stars of the mineral stocks for our full analysis.

HOLD

Lots of volatility in the space, but sees the 2-5 year trend going up. Uranium price has to clear 75 USD to incentivize production necessary for the world to continue to increase its standard of living in carbon-free electrical generation. Second-best in the world. Nice free cash. Reasonable dividend.

BUY ON WEAKNESS

uranium stocks outlook Nuclear power is one of the few ways of solving the need for non-fossil fuel energy, but these plants need 10-15 years to build. Plants in China and the Middle East are in progress. Buy this below $30 and hold 10 years. It moves over a long period of time. He targets $50-60 in 3-5 years. Could be volatile short term.

PAST TOP PICK

(A Top Pick Feb 08/21, Up 42%) Uranium facing a supply shortage, which creates a large opportunity. Shift back to nuclear power is raising demand. Has recently sold position as stock price was too high. If share price falls to ~$20, will buy again.

SELL

Overshot on valuation. Sold recently. Uranium price went up, but the next move needs demand in the market to move the price higher. Commodity prices will stall for the time being. If the valuation and commodity price were favourable, he'd revisit.

PAST TOP PICK

(A Top Pick Dec 15/20, Up 61%) Stock got way ahead of the commodity price, and the commodity price might stall out. It could be really volatile. Hopefully, the supply and demand will line up at a point in the future.

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Cameco Corporation (CCO.TO)