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

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.

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.

Showing 196 to 210 of 1,109 entries

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Cameco Corporation (CCO.TO)