TSE:CCO

Cameco Corporation (CCO.TO)

146.84
-4.89 (3.22%)
as of Jun 25, 2026, 8:00:00 pm Market Open.
545 watching
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Investor Insights
star iconJun 25, 2026, 12:00 am

This summary was created by AI, based on 42 opinions in the last 12 months.

Cameco Corporation (CCO-T) is positioned as a prominent player in the uranium sector, benefiting from renewed interest in nuclear power as energy prices rise. Many experts highlight the strong demand for uranium driven by a broader shift towards clean energy and an increasing need for reliable power sources in data centers. While the stock has experienced significant appreciation over recent months, experts express concerns about its high valuation relative to earnings projections, with several suggesting a wait for a pullback before adding new positions. A consensus emerges that although the long-term outlook remains positive and CCO represents a strong player in the market, recent price gains may warrant caution for short-term investors. Overall, the combination of supply constraints and geopolitical factors supports a bullish sentiment for CCO's future performance, albeit tempered by valuation concerns.

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Consensus
Bullish
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Valuation
Overvalued
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NXE
WAIT

Seasonal strength tends to be stronger around October into January. Wait until late October or beginning of November.

DON'T BUY

Uranium is a little bit different. What happened in Japan. It is not a company he would buy or recommend and it is a commodity and he does not recommend it.

PARTIAL BUY

Model price of $27.82, a 28.4% upside. Would like to see it at $19.40. You might put a half position on.

COMMENT

Just had a lousy quarter. Missed earnings guidance but kept their full year’s guidance. He is looking for a reason to Sell but feels that the price for uranium is going to be in deficit over the next couple of years, which will be very, very positive.

BUY
He is warm towards this company and uranium. You had the worst last March with the disaster in Japan.
HOLD
One of the largest producers of uranium. Over the long term, this company will be able to have some resurgence. There are 96 anticipated reactors to be built globally. You will need a tremendous amount of patience on this. 1.8% dividend.
TOP PICK
World’s largest uranium producer. Fully integrated to a certain extent. Slated to double production over the next number of years. Japan has restarted a couple of their reactors and he is anticipating they are going to start another 5 or 6 by year-end. China has recommitted to actually building out their nuclear program. The highly enriched uranium agreement between Russia and US is expiring next year, which represents 25 million pounds.
COMMENT
Very sensitive to uranium prices, which have basically been flat for the last few months. There are lots of fundamental reasons to believe that uranium prices will start to move higher before the end of this year. The chart on this company shows it forming a base pattern. Watch for the stock to stay above its 20 day moving average, which it probably is right now. Also watch how it is performing relative to the TSE composite.
COMMENT
Cameco (CCO-T) or Uranium Participation (U-T)? These are different animals. He prefers Uranium One (UUU-T) because you don't have the production, you are just buying the uranium itself. With this one, you are going to get the leverage but the safe play right now would be Uranium Participation.
WAIT
Energy group as a whole has been out of favour but uranium stocks went out long before the gas or oil producers. Stock has rallied off the lows and into the low $20’s so there are some positive trends in place. He would prefer to see it trade through $24 first in order to confirm the uptrend.
WAIT
You have to be positive on uranium to Buy this. Doesn’t know that uranium prices will do all that much in the next year or two. She has a positive view on uranium longer term because of emerging market power needs. (Prefers Uranium Participation (U-T)).
BUY
Likes this and it has some fairly good relative strength compared to other commodities. The fall in 2011 was very significant where it dropped from $30 to below $18. Now starting to see it carry up. It is above the moving averages and even probably use the 200 day moving average as a Stop. Current 200 day moving average is $21.05, which would be a good place to get out. Will probably stall around $25 and if it can break through that there is some resistance around $28 mark.
BUY
Great company and the market they faced has been pretty messy. There is still secondary uranium coming out of the weapons area. Germany should have a hard look at what they did. As good a time as any to get in.
WATCH
Uranium sector is a pretty good sector right now. We need energy in this world and nuclear power is definitely part of the equation. This is one of the leaders in the field. Too pricey for Benj but if you are looking in this sector it is a mighty good pick. He sees the logic here.
DON'T BUY
Uranium is out of favour. There is always a political element overriding the supply/demand fundamentals. Not sure which way it is going to go.
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