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

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)

DON'T BUY

They won the first round against the Canadian government over a tax issue and they may win the second. They also have litigation in Japan that they will likely win. Uranium prices are doing better than better. He likes CCO but it's too expensive right now. It's a contrarian play for sure.

HOLD

There is secular growth and they are cyclical. We are starting to make a turn. We are seeing good risk/reward in this area. He would be buying it here. He bought an EFT in the area just this week.

DON'T BUY

He's wary of uranium, difficult to determine supply and demand given the politics. Uranium prices have been struggling for years. Pays a small dividend and yield. The stock price won't rise for a long time.

TOP PICK

Company he has known for a long time. Played the last uranium cycle very successfully with it. The cycle was aborted by the Fukushima disaster. There are 54 new nuclear reactors being constructed. 10% growth on 450 running. Over 150 being planned. He thinks uranium price will go back from the mid-20s to 45-50 dollars range. Dividend yield is 2.64%.

HOLD

Uranium stocks are cheap on a price to book basis, he thinks. The issue now is when will new long term contracts come in? When will the Japanese come back? Nor are we hearing of any rumours of new contracts. It is hard to see a positive outlook. He would continue to hold.

DON'T BUY

They shut down MacArthur River and took off 10% supply from the market which is helping the supply situation but what happens when it comes back on line and then China brings some of their production back on line. He would look elsewhere. They are in a fight with CRA.

RISKY

The sector has been out of favor. It closed its mine but might reopen it this year.

BUY

Part of their commodity exposure. They added when it came off in mid-November. They shut-down some of their mines in the last couple of months. The goal was to clean up the market a little as there has been excess supply for a while. Now demand is starting to pick up. Great company.

DON'T BUY

The dividend will not likely be cut again. You have to wait until Uranium prices rise and that would be good for this stock but they would not rush to increase the old dividend level. The dividend is almost irrelevant.

HOLD

Uranium prices have struggled since the Japan earthquake. Another overhang is the CRA issue. Hang onto this. It's had a nice move off the bottom. Cameco is short of uranium this year, so they have to buy uranium this year. Global buyers have bought enough uranium, so we've hit a bottom in uranium prices. He expects a bounce...as well as volatility.

Showing 211 to 225 of 1,109 entries

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