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

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WATCH

Uranium Sector. Has the bull started running? His proxy is CCO-T. If there is a bullish case for Uranium, the analysts have not heard it. U-T is up 66% so had had quite a move. He hopes the analysts will get the same message he is about the outlook for uranium.

DON'T BUY

Trump's decision to support U.S. uranium--effect on Cameco? It won't matter. The U.S. barely has any uranium. CCO is the second-best uranium company in the world. It's stable and transparent. But uranium's outlook given a global slowdown and lack of Japanese demand is cloudy. Also, this is HIGHLY volatile. Good for options traders, which he is not.

WAIT

The only thing to look at is uranium prices. Until prices take off, stay on the sidelines. If prices take off, first go-to is the Uranium Participation Corp. Then come back to Cameco after that. Need a break above $6 before he'd be interested.

SELL ON STRENGTH

A downward chart since early-2019. At $12.15, exit.

DON'T BUY

People have been waiting for interest in uranium and nuclear power for a long time. He has stayed away. He does not own it and does not follow it closely. It trades around book value and at forward earnings are not looking that robust. It is just too expensive. There will be more emphasis on nuclear generation in China and India going forward, but it could be a long wait.

DON'T BUY

The chart shows a stuck pattern. It's trading in a range from $11.50 - $12.50. Make sure to get out if it goes below $11.00. The demand-supply for this stock is very tricky. It's been on a downward trajectory from $50 for the last couple decades.

PAST TOP PICK

(A Top Pick Jun 14/19, Down 12%) They shut down their mine to tighten up their supply globally. It's one of the largest producer of uranium and they were trying to use their market power. It never panned out. It makes sense from an investment view though.

PAST TOP PICK

(A Top Pick Sep 24/19, Up 3%) Lot has happened today, up 6%. Seasonality is late September to January. The world nuclear conference happens, and investors wait for it, to see the price. The US was holding back because some companies were pushing for reduction of uranium. The panel recommended to create a special reserve for the future, so this lifted the stock.

COMMENT

The uranium market will take care of itself, but when? The uranium price will depend on Japanese restarts which has been tepid. Low prices have taken a toll on CCO. Also, their balance sheet is no longer great. This depends on your patience in waiting for uranium prices to rise.

DON'T BUY

Has owned it in the past. A tricky sector to enter now. Is suffering production cutbacks. The stock price may continue to improve, but he's not ready to bite.

TOP PICK

Seasonality starts now into mid-January. The chart dropped from 2015 to the start of 2019, then went sideways and consolidated, but now looks attractive. Looks good long-term. Get in now, get out in mid-January. (Analysts’ price target is $15.97)

COMMENT

He just took profits. They've done a great job in buying uranium to sell on their spot contracts. You could enter CCO now, but there aren't any catalysts to push the stock higher. Also, the 0.7% yield is too low. Be patient with it.

DON'T BUY

Uranium prices and operational issues are creating headwinds. The government of Kazakhstan has been boosting production to raise money and this is hurting their bottom line. He has no interest here. Remember, just because it is cheap it is not a reason to buy -- you need a real catalyst to confirm things are changing.

RISKY

2018-early-2019 saw a good uptrend, then has seen a downtrend. But take a stab at current $11-12 levels. This is a trade, not a long-term hold.

BUY ON WEAKNESS

Uranium A few years ago, he thought uranium would be THE source of energy, but then Fukushima happened. This sector is challenging, though still tradeable. Cameco's chart is now building a base. Trade the range if you are long-term, if you are hopeful about this sector, but trading on hope is a weak strategy.

Showing 181 to 195 of 1,099 entries

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Cameco Corporation (CCO.TO)