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
valuation icon
Valuation
Overvalued
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Similar
NXE
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.
COMMENT
Seems to have a jinx. Close to its lows. Taking the right steps in the right direction for the flooding at Cigar Lake.
COMMENT
One factor weighing on the stock is the big drop in the price of uranium. Also had some flooding problems with one of their mines. You have to believe in uranium prices to buy this at the current level, otherwise it will be flat.
COMMENT
Their problem in Saskatchewan started the whole higher run in uranium. He feels uranium prices are at nice levels now and they go up higher. Looking to start a uranium mail in Alberta, which normally takes 4 to 5 years. Early days, so it is not built into anything yet.
BUY ON WEAKNESS
Would like to own the stock at a lower price.
HOLD
China will have a huge demand for resources, energy and uranium in the future. Wouldn’t buy at this price, prefers the competition. Would hold at this price.
BUY
Have started plugging successfully at Cigar Lake. Utilities have started buying uranium again.
SELL
Thinks the uranium story is winding down and that uranium prices will be $40-$50 3 years out. This company has had their own production issues to deal with. Not that attractive.
BUY
Recent 4th quarter was a little bit disappointing as uranium prices they were getting was lower than expected. Also, operating costs have been getting very high. Have also lowered their production estimates for next year going forward, it is the standard in the uranium industry.
DON'T BUY
We are in a market where you are seeing an arbitrage amongst a bunch of different types of energy production. Natural gas prices are starting to come more in line with oil with BTU. The same with coal. Market is pretty well supplied with uranium currently. You can see this in the pricing. A lot of nuclear plants are being built. This will continue and ultimately uranium prices will move higher. Wait until the group turns higher.
DON'T BUY
Prefers others in the uranium field. Had issues with Cigar Lake in terms of production delays. Looks like they are going to continue to have issues for the next couple of years. Would prefer Denison (DML-T) or Paladin (PDN-T).
TOP PICK
Has the best uranium deposits in the world. This is a very simple dynamics on uranium. There are 442 nuclear reactors around the world. That requires 180 million pounds of uranium a year. In 2005 110 million pounds of uranium was produced. There have been a lot of problems and there is not a lot of supply coming on board.
BUY
Because the Cigar Lake, this will be dead for a couple of years. However, there will still be the ultimate demand for uranium and this is the only play out their at reasonable levels. Good long-term assets and management.
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