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

Shortage of consumption vs. production, but there are massive inventories on the sidelines, which is holding back gains. Japan turning reactors back on in the next 2-3 years will bump the price. Good long-term story. Wait for it to drift into the $20s before you buy.

HOLD

Across the world, politicians are recognizing the importance of nuclear as part of the total energy picture. Depressed prices have been tough on the sector. But now the price is up. Outlook for nuclear is positive going forward. He's more comfortable owning CCO than the commodity. He's owned CCO since December, has lightened up since it's had a great run, but retains a small position.

HOLD

Equity vs. covered calls. Buying uranium on the spot market had been lower than the cost of mining it. But now the price has increased. At what price do they start bring production back online? He thinks around $60 or higher. He lightened up, as the position got north of 3% of his portfolio and he wanted to lock in profits. As the share price goes higher, it gets a lot more volatile. Covered calls are a smart way to play the position, but you have to be aware that you could get taken out. It's not something he'd do, but he understands the argument for getting some extra yield pickup.

BUY

The sector will start to be more volatile as more eyes start to look at it. However, uranium is a key way to greening the world. Before the Fukushima incident, Cameco was higher so there is probably still more upside to be captured.

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The earnings miss was mostly related to cost creep. Underlying supply and demand remains positive for the company. There are also two mines that are shuttered, further adding to supply issues. Unlock Premium - Try 5i Free

RISKY

Miles and miles ahead of even remotely reasonable value. FMV is 90% below current stock price. Plans for new and refurbished reactors suggests there will be spectacular demand in the future. Pure speculation, but not like Bitcoin. Powerful potential. 2-4% of your portfolio and hold, but don't watch it every day or you'll go nuts.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The space has seen more interest and the supply demand picture is positive for CCO. It has been losing money but this could change quickly depending on the new pricing regime. The company is debt free and has $200M in cash. Unlock Premium - Try 5i Free

HOLD

Like any commodity producer, you are on a roller coaster because of the commodity price. We are in the sweet spot for Uranium so you may want to hold on to it for a while longer. The whole world cannot reply on wind and solar. He thinks you will see a bit of a resurgence. It is okay valued here.

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DON'T BUY

It is part of the solution for the planet going forward. It's become a bit of a Reddit favourite. He wouldn't buy any stock that's the flavour de jour.

DON'T BUY

It's been a surprising year for uranium with the price jumping from $29 to $44. Uranium funds have been buying a lot of uranium. But he is perplexed by this metal; it has a lot of politics around it with intentions to build reactors, but always in the future. Not sure if uranium prices will hold. CCO stock is too high now. He avoids this space.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is debt free with around $200M in cash. The uranium price changes the company’s outlook. Cashflow is recovering nicely. The price could run some more off of supply and demand. Unlock Premium - Try 5i Free

DON'T BUY

Why has this jumped in the past week? Reason: Sprott Uranium Physical Trust (U.UN-T which he owns) which buys spot uranium which Sprott recently took over and recently raised $300 million in an at-the-market offering in order to buy spot uranium. This is an illiquid market, so spot uranium is a self-fulfilling price move. Utilities will get caught short on this move. He doesn't like Cameco because it's expensive, volatile with spotty earnings. Balance sheet is fine, but missed its last quarter. The stock has moved up with the price of spot uranium. Watch the uranium move, which is in its early days, but he prefers U.UN itself.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has seen some broker upgrades recently. Uranium prices have rallied and this has pushed the stock price up as well. Uranium futures hit six-year highs on September 1. Unlock Premium - Try 5i Free

BUY ON WEAKNESS

He is looking to add to it on weakness. We have to go back to nuclear. China is building new plants and India is beginning in their schedule. This is a five to ten year investment.

TOP PICK

One of the largest uranium producer in the world. As the world decarbonizes, nuclear power will come to the forefront as a high quality alternative. The smart environmentalists are embracing it. There are a number of new reactors being built that will increase demand. (Analysts’ price target is $23.42)

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