TSE:CCO

Cameco Corporation (CCO.TO)

121.40
-0.44 (0.36%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
552 watching
0
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%.
BUY ON WEAKNESS
Would love to be in the uranium business had have been being looking at it. Still early. Have some internal operational problems. Would be more reasonable in the low $30's.
BUY
Thinks that some of the big cap uranium stocks such as Cameco (CCO-T), Uranium One (UUU-T) and Denison (DML-T) are Buys at this point. They are all looking pretty interesting and the valuations are looking quite attractive. It will be volatile, but good long-term plays.
SELL
The problems here are more related to the company than they are to uranium. Feels uranium will continue to do well. Consider moving into other uranium companies. You could consider buying Uranium Participation (U-T).
DON'T BUY
Uranium. Probably down at a reasonable spot for purchase, but they continue to report very troubling news out of Cigar Lake regarding water problems and delay of production. Prefers others.
WEAK BUY
Largest producer of uranium in the world. Encountered many problems over the last few years. Management has a lot of work to do to build back credibility. Cigar Lake will take about 5 years to get back in order. Some contamination in their Port Hope facilities. Potential sulphuric acid problems in Kazakhstan. Russia wants to renegotiate a contract. As they iron out these problems, the stock should trend higher. Tried to buy at $35-$40.
BUY
He is bullish on uranium, which is going to be a long story. Building and operating a nuclear facility is a minimum of a 5-year story. Has always liked this one as the senior producer. There really aren't many other places you can go. Have had a rough year.
BUY
Funnily looks like they are getting their act together. Starting to see some positive earnings momentum as some of the long-term contracts are falling off. He is very bullish on uranium.
WAIT
Uranium became a speculative bubble and stocks went through the roof and then collapsed. This company is still the largest and highest quality uranium producer in the world. He is looking for an entry point a little bit lower than this.
DON'T BUY
The issues here are more execution all and whether you get increased capacity. They have a huge asset, but it has to be developed to make some money off it. The other issue is there elongated contracts where they are not necessarily getting full benefit of the spot price. With this one, you are relying on high long-term energy prices. Prefers Uranium Participation (U-T).
PAST TOP PICK
(A Top Pick Dec 6/06. Down 5.9%.) It is higher now than it's low in August, so it remains one of the stronger uraniums. If you liked the long-term story of uranium, this is probably the way to go. He likes the long-term story.
WEAK BUY
Missed most of the move of uranium over the last couple of years. Prices have pulled back despite supply being sharply curtailed by this company. Their will more of a demand for uranium. If you have a long view, 5 years or more, you’ll probably do OK.
COMMENT
Long-term outlook for uranium is good but in the next little while will be volatile. More nuclear plants are being built. It is difficult to get approval for uranium mines. Would prefer below $40.
DON'T BUY
Feels there is more potential downside on this company. He sold it when it got above the $47 mark. His model price is $42.64. A negative 8% differential. Would consider it if they got back to the $38 area.
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