TSE:CCO

Cameco Corporation (CCO.TO)

134.01
-0.81 (0.60%)
as of Sep 11, 2026, 8:00:01 pm Market Open.
548 watching
0
Investor Insights
star iconSep 13, 2026, 12:00 am

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

Cameco Corporation (CCO-T) continues to attract attention as a leading player in the uranium sector, benefiting from increasing demand for nuclear energy amid global transitions toward cleaner energy sources. Experts mention the mixed recent results but highlight substantial growth potential, particularly driven by factors such as AI requirements for electricity and the ongoing nuclear renaissance. Many analysts observe short-term volatility and price corrections; however, the long-term outlook remains bullish given the expected uranium supply-demand tightness and Cameco's strategic investments, like its stake in Westinghouse. Despite analysts pointing to high valuations currently, with price earnings multiples generally above 70, CCO-T is still viewed as a solid option for growth in an evolving energy landscape.

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Consensus
Bullish
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Valuation
Overvalued
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Similar
Uranium, U.UN
BUY
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 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)
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