TSE:CCO

Cameco Corporation (CCO.TO)

110.13
-0.42 (0.38%)
as of Oct 23, 2026, 8:00:01 pm Market Closed.
552 watching
0
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.
DON'T BUY
Uranium stocks have been on fire. Likes the long-term outlook for uranium. At the spot price of $125, this company is only realizing about $20 because of their long-term contracts. Trading at over 50 X multiple of earnings.
TOP PICK
Largest and lowest cost producer in the world. Operates the largest mine in the world. Face some legacy issues in terms of many of their older contracts that they have to sell to what into at reduced prices. Top-notch technical team. They will bring Cigar Lake into production in 2010-2011.
HOLD
If you are a long-term investor, stay with this one. If uranium prices continue to do what they do, and once they get their affairs back in shape, it will be a dandy long-term bet.
DON'T BUY
Their growth profile in uranium was based on Cigar Lake and its loss should not be underestimated. Continuing to make acquisitions of small exploration companies. Profitability curve is capped out..
HOLD
Just recently a gorgeous breakout. Sensitive to what is happening in uranium prices. The stock is in gear, stick with it for now.
DON'T BUY
Feels all the uranium stocks he looks at our priced for perfection. They all could have fairly substantial downside if an accident where to happen.
DON'T BUY
Recently had flooding in their Cigar Lake mine. The question is, when and if they can get it running. Would prefer Denison (DML-T) or Paladin (PDN-T).
PAST TOP PICK
(A Top Pick May 3/06. Up 13%.) Still likes.
DON'T BUY
Now getting caught up with the uranium euphoria. Still ahead of itself.
DON'T BUY
The significance of Cigar Lake cannot be underscored. Expects the repair will take longer than the estimated 3 years. They buy a lot of uranium from the Russian government, who he doesn't trust.
PAST TOP PICK
(A Top Pick Nov 21/06. Up 38.7%.) Development costs of Cigar Lake are significant, but lifting costs from their come of uranium, are only $10 a pound. $100 uranium is not sustainable, but this company makes money on $40-$50 uranium.
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