TSE:CCO

Cameco Corporation (CCO.TO)

150.05
-8.39 (5.30%)
as of Jun 5, 2026, 3:14:03 pm Market Open.
546 watching
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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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COMMENT
(Market Call Minute.) Stock is trying to make a turn here. Wouldn't want to see a trade below $32.
TOP PICK
Only real genuine uranium producer. Shortly going into massive production in Kazakhstan. Fixing up Cigar Lake.
DON'T BUY
Uranium prices went down when they were expected to go up. Seems to be some unusual speculation going on in the uranium market. The linkage with oil prices does not seem to be in place yet.
HOLD
Uranium is going through a bottoming process. Had a number of issues with Cigar Lake is taking a long time to bring it back on strength. Recently announced an acquisition in Australia to diversify their holdings. Australia has controls with regards to expansion of uranium, which is a limiting factor. Prefers some of the smaller players. (See Top Picks.)
COMMENT
Big believer in peak oil. Nuclear power is part of the solution. China is building about 40 nuclear plants and there is talk of plants being built in Saskatchewan and Alberta. Very attractive stock with a world-class asset.
TOP PICK
Thinks that a lot of the alternate energy plays are not going to work but uranium is here to stay. This is a long-term theme.
TOP PICK
Likes the uranium business. Fundamentals are very strong. They are the lowest cost producer with the best assets. Thinks they are on target to get Cigar Lake mine going again by early 2009.
HOLD
If you own, he would be inclined to Hold. If it were a big part of your portfolio, he would Partially Sell. The stock does not have an immediate attractive outlook.
DON'T BUY
Uranium is currently trading at about $60 a pound and is getting to levels that represent the marginal cost to bring on a new mine so thinks that uranium has bottomed. This company still has to get Cigar Lake up and running and have some Port Hope issues.
DON'T BUY
Have had problems with Bruce Power and Cigar Lake. Trading at about 1.5X asset value so thinks it will tread water here or go down to a more attractive price such as $35.
TOP PICK
Down 22% over the last year. With a focus on the green environment this is the non-CO2choice. Largest producer of uranium in the world. Buy this one as a laggard. You have decent growth.
DON'T BUY
Uranium prices have been coming down for the last year in spite of the stronger oil prices. At some time this will be a great buy but he doesn’t know when this is going to happen.
DON'T BUY
His model price is $37.21, about an -8% differential.
HOLD
A lot of the uranium stocks are in bottoming phases. Uranium spot price has traded down to the $65 area. Long-term contracts themselves are trading in the $90 area. As the economy starts to move again, this is an area that will resurface and will spark to life. Would consider adding to it on weakness.
COMMENT
Seems to have a jinx. Close to its lows. Taking the right steps in the right direction for the flooding at Cigar Lake.
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