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

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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

Jun 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.

Consensus

Bullish

Valuation

Overvalued

Similar

NXE

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.

DON'T BUY

There are a lot of dynamics going on with this company. Uranium is the one base metal that he has always had the most trouble judging the supply/demand because of the political element that gets involved. The event in Japan has probably postponed many projects for some time. In the long run, nuclear is going to be part of the solution.

HOLD

Got hurt badly with the Japanese nuclear problem. This has been deeply oversold, so far beneath the 200 day that it is mathematically impossible to go any lower. Support on a point and figure is around $23.

COMMENT

Suffered tremendously from the problems in Japan with the nuclear reactor and from Germany threatening to mothball nuclear reactors. Most of the nuclear plants will have to be refueled and will need uranium. He believes in nuclear power, but this could be a long time.

RISKY

Thinks a lot of speculators got into this name after Japan. Thinks there are a lot of speculators holding this stock now. There’s a lot of stock held in weak hands. He would buy it here if he was going to buy it. If it breaks $25, then it would go way down.

BUY

Depends on time horizon whether you get rid of it. 3-6 months, nothing will happen, but after that it should recover. Thinks it is undervalued. Similar to BP situation where stock got hammered. There will be demand for uranium. Good 6-12 month trade.

COMMENT

Had some operational problems, particularly at Cigar Lake. Q1 was a little disappointing with lower production and sales than what people expected. Japan’s setback will put a question mark over growth rate in the nuclear industry. Fairly good bet if you have a very long term view.

COMMENT

Sold his holdings after Japanese nuclear problems. Has put a permanent dent in prospects for nuclear energy because 1) a lot of older reactors that might have been extended in life will come under greater scrutiny and 2) more public scrutiny of new proposed reactors.

BUY

Uranium stocks were massively hurt in the last few months. Likes the space. Uranium fuel can't be replaced. Good value at this point. This company has long term contracts with China.

DON'T BUY

Just sold his holdings because he sees some uncertainty for the company and the prospects for uranium over the next 6-12 months.

BUY

This is a case where emotion has gotten in the way of reason. Global nuclear reactors are not going to be shut down. There will be a uranium shortage going forward. This is the power of the 21st century.

COMMENT

Investors will remember the Japanese disaster for a little bit. There will be more stringent standards built in. There is no choice and we’ll have to go back to uranium down the road. Eventually things will pick up again. It may stay at its current level for a year or two. Needs to build a long base.

WEAK BUY

The market has a short-term memory for everything accept nuclear power. Uranium held up pretty nicely, so CCO is going to see good earnings. Maybe in 2-3 year you might see mid-30s. This is the best nuclear power company.

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Cameco Corporation (CCO.TO)