TSE:CCO

Cameco Corporation (CCO.TO)

129.12
-4.89 (3.65%)
as of Sep 14, 2026, 4:08:51 pm Market Open.
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Investor Insights
star iconSep 14, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Cameco Corporation (CCO) has garnered a mix of reviews from experts, primarily centered on its long-term growth potential in the uranium sector amidst increasing global energy demands. Analysts point to the company's strong position as a low-cost uranium producer, especially as the world shifts towards nuclear energy for clean and reliable power. Current market volatility and a series of mixed results have prompted some analysts to recommend cautious trading strategies, looking for optimal entry points based on technical support levels. While many see potential in CCO, opinions diverge on its valuation, with some considering it overvalued in the current market environment. The consensus emphasizes a bullish outlook for uranium's role in future energy demands, particularly influenced by technological advancements and geopolitical factors affecting supply.

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Consensus
Bullish
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Valuation
Overvalued
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Similar
Uranium-1
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.
DON'T BUY
Had troubles with flooding in their Cigar Lake mine. They have been able to stem that and got fixed a little earlier than expected. Uranium prices have dropped. To spur this one, you would really have to see uranium prices spike up, which doesn't look like it is going to happen in the near term.
DON'T BUY
(Market Call Minute.) Uranium stocks look promising but this one still has its issues.
WAIT
His model price is $41.28, a 14% positive differential. The bottom is $31.60 and look for a big bounce there.
TOP PICK
Has dropped because spot uranium prices have come down and the flooding of Cigar Lake mine. It will be back on in 2011. The price of their long-term contracts keeps on being re-priced. Earnings will be up 35% to 40%.
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