TSE:CCO

Cameco Corporation (CCO.TO)

146.84
-4.89 (3.22%)
as of Jun 25, 2026, 8:00:00 pm Market Open.
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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
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.
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.)
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