TSE:CCO

Cameco Corporation (CCO.TO)

150.05
-8.39 (5.30%)
as of Jun 5, 2026, 3:14:03 pm Market Open.
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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
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Valuation
Overvalued
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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.
TOP PICK
This is a uranium company that has the ore in the ground and will have that even if they have difficulty in getting it out of Cigar Lake. Huge demand for uranium for fuel is going to hit us 8 to 10 years from now.
SELL
(Market Call Minute.) Expensive relative to its earnings potential.
PAST TOP PICK
(A Top Pick in June 28/07. Down 34.6%.) Largest producer of uranium globally. Have had problems with certain mines. The production they sold over the last 5 years at reduced prices will be getting higher prices. Sees earnings improvement of 15%/20% over the next 5-10 years. Buy on any pullback.
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