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

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Cameco Corporation (CCO.TO)

127.01

-1.86 (1.44%)

as of Jul 15, 2026, 6:55:18 pm Market Open.

545 watching

Investor Insights

Jul 15, 2026, 12:00 am

This summary was created by AI, based on 40 opinions in the last 12 months.

Cameco Corporation (CCO-T) has seen renewed interest due to rising energy prices and increased demand for nuclear power, leading to significant stock performance in the past year. Despite a recent dip, many experts highlight the overall upward trend in uranium demand as a positive long-term indicator. However, valuations are a primary concern, with several analysts citing the stock as overvalued despite its essential role in the clean energy transition and AI infrastructure buildout. While some experts recommend trimming positions or awaiting pullbacks, others emphasize the strong fundamentals and future growth potential in uranium. Overall, the sentiment on CCO is cautiously optimistic with a focus on long-term growth stories amid market volatility.

Consensus

Cautious

Valuation

Overvalued

Similar

URAn, UUUU

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.

WEAK BUY

They've tried to pull back production. Whole industry is doing the same to try to boost the price. Price now gives you a very interesting risk/reward. Once the market tightens, stock has a lot of upside, but you need to be patient. Not much of a dividend. Small weighting of 1-2%.

BUY

It's traded sideways for five years, because uranium prices have been flat. However, China is building many nuclear reactors, so this should rise. Buy and hold long-term.

DON'T BUY

Really tough commodity to have. Not sure why you'd want to. If you really want to own a commodity, look at iron ore or copper. You want to be in those commodities where supply is shrinking.

TOP PICK

A unique story. Closed their mine to buy on the spot market to deliver into their contracts. Cleaned up inventory. Given time, they hope to move the spot market. Yield is 0.58%. (Analysts’ price target is $17.73)

COMMENT

This is a tricky one. Nuclear is a grey area because it is a low carbon energy. Environmentalists are up in arms about nuclear waste. From a financial point he finds plants are very expensive and often go over budget and lock us into an infrastructure for 60 years. You can't generate the energy near where it is consumed so you have high infrastructure costs for transmission. He also does not like commodities. He thinks renewable energy may out-compete nuclear. As batteries get cheaper, renewable gets cheaper than nuclear and transmission lines. This company is excluded from a lot of socially responsible definitions.

COMMENT

Strong seasonality for uranium stocks at the end of the year. He's been watching CCO, but it weakens whenever he wants to recommend it. $12 is a level to watch.

DON'T BUY

He would be careful as a number of their properties are currently shut down. Uranium is one of the hardest metals to predict, because there are so many politics wrapped around the metal. He would not be investing here.

COMMENT

The uranium sector. He's watching Cameco, but it's too expensive for him and have too many problems. They will probably win their Japanese lawsuit, but close their major operation in Saskatchewan, costing them $7/month. Uranium will have its day in the sun.

PARTIAL BUY

The chart shows higher highs and lows. It's been in an uptrend, so buy a half position now, then buy more as it breaks $18-19. Average up.

TOP PICK

Over the next three years as Japan turns reactors back on and China continues to build them, demand will come back. Reactors tend to carry 3-5 years of inventory on site. He thinks they will re-establish themselves and demand will come back. (Analysts’ price target is $18.13)

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Cameco Corporation (CCO.TO)