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

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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

Jun 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.

Consensus

Cautious

Valuation

Overvalued

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PAST TOP PICK

(A Top Pick Nov 9/10. Down 45.98%.) Still owns, but is on his question list. Could be dead money for a while.

DON'T BUY

Uranium has taken quite a hit ever since the Japanese problem surfaced. Doesn't show any signs of turning around yet. In the longer term, we know the Chinese will be buying uranium. Yield isn't enough to attract him. Wants to see a nice base being built before the steps in.

BUY

Great Buy. Great ore body and can grow production by 30% over the next 3-5 years. Product price has to go up from current price of around $54 to over $75 to justify enough production to meet demand. India, Russia and China have not cut back on demand.

WAIT

Has looked at it quite recently. Nuclear disaster in Japan caused share price to come down. They generate free cash flow, well run. In process of acquiring more properties in Saskatchewan. Germany is eliminating their nuclear program and it will negatively affect CCO.

SELL ON STRENGTH

Down trend channel. Too soon to buy. Sell into any kind of a rally. Want to see it build a base before buying.

WEAK BUY

Made progress at cigar lake where they were having trouble. Sales were a bit sluggish. Uranium market is one he has always had trouble predicting. 10 year cycle to get a power plant into production. Demand will ultimately go up. Not sure how fast that is going to happen.

WAIT

This is a good longer-term bet but in the short term it has been quite disappointing. There are only a few places where we can get base rates in electricity and nuclear is going to make a comeback. It may be a year down the road before you start seeing things turn around. Also, uranium does better in the fall than in the summer.

PARTIAL BUY

There was a breakdown where it had gapped down to about $32. Chart now shows a clear downtrend but there is support at its current level. He thinks the risk/reward on this is pretty good. Long-term, the stock should take out the $44 high.

TOP PICK

Oversold in that there was too much deviation from the mean. The deviation was over 20%.

TOP PICK

All uranium stocks have been beaten down after the Japanese disaster. Countries like India and China will continue with their programs. Good time to acquire uranium stocks.

DON'T BUY

Large political element to the nuclear industry. Sold off a lot because of Japan’s earth quake. CCO also had problems at cigar lake. He is steering clear of uranium stocks.

COMMENT

There are other uranium players that he finds more attractive. Feels the uranium market is going to surprise to the upside a little. There are fewer options available for power generation. (See Top Picks.)

DON'T BUY

His model price is $29.81, a 17% upside but he thinks it is going to consolidate here. If it broke below the $23-$24 level, he thinks it will go down to $18.50. At best it will trade sideways.

DON'T BUY

Seasonally this usually bottoms around the end of February through until May. Technical trend does not look good. Strong downward move and he can’t see it bottoming.

TOP PICK

Nuclear disaster in Japan has had a negative impact on uranium stocks but China and India are not going to stop building nuclear reactors. Long term buying opportunity.

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Cameco Corporation (CCO.TO)