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
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.
DON'T BUY
Caller asked for company which did Uranium enrichment. He suggests Cameco, as it pulls it out of the ground and does the enrichment. But he doesn't recommend buying Uranium stocks right now.
DON'T BUY
The only way to play large cap uranium, but it's very expensive. Trading at 40 times earnings. Too much positive anticipation when they really not going to realize the extent of the spot price. Buy at the 25 times earnings range.
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