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
valuation icon
Valuation
Overvalued
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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.
DON'T BUY
One of the troubles he has with this company is the lack of visibility. Uranium prices are starting to go back up again but there is a question on when Cigar Lake will be back running. Difficult to evaluate the company.
BUY
This is a real company. Denison (DML-T) looks like it will become a real company. The rest of them are all try-ons and are having problems.
BUY
Represent over 20% of the Uranium in the world. Have had some missteps, but they are worth having in your portfolio. They have some legency contracts which will be expiring in the next couple of years which will be re-newed at higher prices.
WEAK BUY
Awfully frustrating name over last couple of years. Very attractive at this price. Uranium prices seemed to have settled now. Lots of new nuclear facilities are being built. Think uranium prices will get better from here. Good upside.
PAST TOP PICK
Then 39.08 It's been a roller coaster ride. Have ongoing problems in Asia with their gold property. They've got a radio active clean up problem in Port Hope. They've got cigar lake water filtration problem in Saskatchewan. So the stock sold off. (Plus the spot uranium prices have peaked.) But... Uranium is a long story, not a short story. In the next decade the demand for Uranium is going to sky rocket. If you are holding a stock for the long run with reserves it will do well.
PAST TOP PICK
Then $44.26 down 1% Was hit by some bad news, he bet on a laggard. It's still a laggard. As a long term play still has possibilities, but it's risky right now.
TRADE
Contracts were sold at lower price which hurt them. They have had issues with their mines.
SELL
When you are in a market that is doing reasonably well and the positions you own are not participating, you should look elsewhere. In the last 6 or 7 weeks, there has been a very strong rebound in the equity markets and the stock is not participating.
TOP PICK
Uranium is trading around $80 and he thinks $75 is sustainable. Big users of uranium did a lot of their buying earlier in the year. Trading at around 1.2 NAV compared to its peers of 2. Just announced a very aggressive share buyback program. Own a big chunk of a gold company and wouldn't be surprised if they sold that.
DON'T BUY
He has no exposure to uranium. This one has pulled back a bit, but they have had a lot of problems. Their Cigar Lake will take a while to get back into production.
BUY
Expects the sell-off of uranium is now over. Stocks have started to move up. Would own the larger companies that are more liquid.
TOP PICK
British government is getting very close to turning on nuclear power stations. Thinks the pressure for uranium is back on.
DON'T BUY
Wouldn’t buy at today’s price. Like underlying commodity. Is expensive on a price-to-cash flow basis. Has had problems.
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