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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DON'T BUY
Uranium story is over for now and thinks uranium will settle out in the $40 to $50 range. Can't justify the current price of this stock.
BUY
Has a number of issues. Problems with their Cigar Lake mine, the price of uranium is falling, have some asset-backed paper on their books. However, they have more uranium in the ground than anybody. Actual demand for uranium will rise around 2011 and the world supply is not adequate enough to meet it.
BUY
Model price is $41.12, which is a 6.5% upside.
COMMENT
If you are going to own any in the uranium group, this is the one he would probably own. When push comes to shove, institutional investing will probably buy this one. He is not a fan of the sector at this time.
DON'T BUY
Still reporting some poor results. Cigar Lake recovery looks like it is going to be pushed out a little further. They're contracted price for uranium is a lot lower than spot.
DON'T BUY
Likes the longer-term outlook for uranium but this one is very expensive for a cyclical company. One of the few large cap plays in the sector. Trading at 28-30 X earnings.
DON'T BUY
In the long run, would prefer Paladin (PDN-T) better. Not sure where uranium prices are going. I've had a lot of things go wrong for them.
BUY
Had a big jump off its lows with huge volumes yesterday. Very attractive returns going forward.
COMMENT
The trend line was up from Nov/06 to Jun/07 and then the pattern was broken to the downside. Every time this has gone up, its competitors have gone down and vice versa. This is not happening now and money is getting nervous. If you must be in uranium, this would be the company.
DON'T BUY
The model prices $44.32, which is a positive 3% differential. This is the first positive differential he has seen on this company for some time.
PARTIAL BUY
If you are looking at uranium out over several years or decades, he cannot see it being out of favour. It is one of the few alternatives we have to middle eastern energy. Both for environmental and political reasons, we will be reducing our reliance on oil. Don't buy a full position, but perhaps only a third.
BUY
The senior producer in North America. Terrific entry price. Have had more problems at Cigar Lake mine.
TOP PICK
Very liquid. Looking at 2009 numbers the stock is very cheap. Trades between $50 and $60. They produce 20% the worlds uranium. They've bought between $40 and $53.
BUY
Uranium prices have had a great run. Not sure if this is sustainable in the long-term.
BUY
Doesn't expect the cigar lake to get going until 2010-2012. But they are the largest uranium producer and has the worlds largest deposits, so they are confident they will get this going. The key thing though is that they have long term contracts paying $35 a unit which are now rolling over and will continue to do that over the next 2 to 3 years. When they renew they will get the new prices which will give tons of cash flow. Suggests buying a cross section of the companies in this sector, as some are getting new contracts currently, (Denison Mines Corp DML-T sxr Uranium One Inc. SXR-T) Signing contracts today with $90 floors and no ceilings.
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