TSE:CCO

Cameco Corporation (CCO.TO)

110.13
-0.42 (0.38%)
as of Oct 23, 2026, 8:00:01 pm Market Closed.
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DON'T BUY
Has a very tiny bit in this one. Japanese situation has pulled the whole uranium sector back. There is a lot of concern on how many new plants are going to be built. Too many question marks around it.
DON'T BUY
Would stay away from uranium for the time being until it blows over. The nasty stuff could last for months.
DON'T BUY
What happened in Japan is a game changer. There will be more public awareness now. Some future reactors might be mothballed. Even in China, which is the biggest area of growth going forward, they may slow down and look at alternatives. There is lots of other energy plays out there. He prefers Nat Gas, which is the cheapest source.
DON'T BUY
Waiting on the sidelines regarding uranium. China has held off on their nuclear development and are taking more interest in natural gas, which is where he prefers to be.
BUY ON WEAKNESS
Suspects it will come back. Model price $32.94. If it came back to the $28 level it would be good for a short-term trade.
BUY
16% of all electricity is generated by nuclear and they wont be turned off because there is nothing to replace them with. There are a huge number of plants that are in construction and he believes they will all be built. Every summer in Toronto when we get smog, someone says we will get thousands dieing of pollution. He believes very few will die from radiation vs the thousands that due from coal, gas, and oil fired plants (carbon emissions). Nuclear is safer and cleaner than any other source of power. He has not sold a share.
BUY
Well managed. Had some problems with some of the mines coming on. They have increased their dividend twice now and have potential to increase it more. Their model is to have long term contracts and over time they participate in the rise in uranium prices
COMMENT
The political risk of these uranium projects has increased in risk dramatically. These guys have low cost mines and they have a cost advantage over most of the miners. One of their mines has the moratorium being lofted at the end of this month or so on Uranium mining.
TOP PICK
Comfortable that it had fallen far enough. Is not going to wait for a base. Just as the Gulf oil spill did not spoil the off shore drilling industry, Japan wont spoil the nuclear industry. Put a stop-loss on this stock.
BUY
Nuclear does have a bright future. Uranium stocks are really getting kicked right now. He will look at a smaller one right now. If you wanted to go with the classiest, this is a blue chip. He would prefer DML. It’s going to take a while.
COMMENT
Beat earnings estimates by a mile because of strong uranium prices. Feels there’s better growth and possible takeover prospects in Paladin (PDN-T).
DON'T BUY
Uranium prices have been on a tare. Stock has had a huge, huge run. It is not trading at cheap valuations. They have a good strong balance sheet, paid down a lot of debts. They are still not producing enough uranium to meet all their commitments. Prefers BHP.
HOLD
Likes Uranium. It has lagged. Finally turned around in the last few months, so stocks have been ignored. CCO is the behemoth in the area.
SELL
Model price is $28.76 so is overvalued by about 28%. Would be more of a Seller than a Buyer on materials stocks in Canada. As an absolute high, he can’t see it going past $47.
TOP PICK
Uranium boom a few years ago turned out to be speculative and phony. Now the real deal is happening. Chinese are building reactors and need uranium.
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