TSE:CCO

Cameco Corporation (CCO.TO)

144.09
-14.35 (9.06%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 44 opinions in the last 12 months.

Cameco Corporation (CCO) has emerged as a leading player in the uranium sector, buoyed by the resurgence of demand for nuclear energy. Experts highlight the company's strong positioning as a low-cost uranium producer, benefiting from geopolitical factors like supply constraints due to the Ukraine-Russia conflict. Despite its robust growth prospects and increasing involvement in nuclear infrastructure through acquisitions like Westinghouse, there are widespread concerns regarding its high valuation, with many analysts suggesting caution at current price levels. The general sentiment leans towards viewing CCO’s potential as positive for a long-term investment, particularly as the global energy landscape shifts towards cleaner energy sources, yet indicates that a pullback may be prudent for investors. The company's strong fundamentals have been overshadowed by market volatility, leading to mixed opinions about the right time for entry into this stock.

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Consensus
Cautious
valuation icon
Valuation
Overvalued
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DON'T BUY
Doesn't own any uranium stocks. Doesn't see huge capacity for nuclear energy coming on anytime soon. Commodities are the most cyclical and volatile of stocks.
BUY
Got creamed after the tsunami in Japan. A lot of people thought that nobody was ever going to build another nuclear reactor or buy uranium. Existing nuclear plants have to be fuelled and he believes a lot of nuclear reactors will be built in the next 10-20 years. He is long-term bullish on this company.
DON'T BUY
Reached its old 2009 low last year but has now violated the downward trend. The big question is, how far will it go. The whole uranium sector was upgraded by a few institutions and a lot of money ran into it. Daily charts would indicate it has been very much overbought.
DON'T BUY
Sold after tsunami on Japan. One has to have a good view on uranium, which he does not have yet. He would not play Uranium right now and would play Uranium participation units if he did.
WAIT
Has been a good start to the year. Everything that didn’t work last year is working this year. Getting more bullish on Uranium. CCO is licking its wounds a bit. It will be interesting to see how they refocus.
DON'T BUY
Feels the management needs to be more heads up. On a longer term basis the demand is there and they will do ok. He has tended to stand back from this one, though.
BUY
Looks clear that uranium stocks have bottomed out and have turned up. Now is as good a time as any to buy them.
BUY
Uranium prices have pretty much flat lined since the Japanese disaster. Doesn't see any alternative for energy in future and expects to see a lot more reactors. This is a great company with huge reserves, terrific balance sheet and trading at a ridiculous multiple.
WAIT
The farther we get away from the Japan situation, the more Uranium looks like it might be the energy source, so we wait to see it start to move up.
DON'T BUY
They have increased their dividend, but he questions the production growth in that company. They had a lot of flooding problems and not sure that is over with.
PAST TOP PICK
(Top Pick Dec 31/10, Down 51.32%) Thought Japanese events would affect Uranium in a permanent way. Got out a few days after the disaster
HOLD
(Market Call Minute.) Making progress on Cigar Lake, but uranium prices are not cooperating. A Hold at best.
PAST TOP PICK
(A Top Pick Dec 17/10. Down 54.58%.) This was based on the continuing growth of nuclear power. Hit by the Japanese disaster. Demand from emerging markets is still there.
DON'T BUY
Looks like a great entry point but the uranium outlook is a little muddled because of the tsunami of 8 months ago. Cameco’s break even costs are about $20 a pound and uranium prices are double that but it’s probably a couple of years before you get the Tsunami further behind you.
DON'T BUY
A lot of headline news with Uranium type companies. Chart is showing both lower highs and lower lows. Until the tide changes on the uranium space, he would avoid this.
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