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TSE:CCO

Cameco Corporation (CCO.TO)

141.60
+0.41 (0.29%)
as of Aug 24, 2026, 8:00:00 pm Market Open.
547 watching
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Investor Insights
star iconAug 24, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Cameco Corporation (CCO-T) is viewed positively among analysts, primarily due to its pivotal role in the uranium sector amid a growing demand for clean energy and nuclear power. Experts underscore its increasing significance with the rising reliance on nuclear energy, particularly for data center power supplies, as well as company initiatives such as its 50% stake in Westinghouse. While its long-term prospects remain optimistic owing to robust demand, there are concerns regarding its current valuation, which is seen as high by several analysts despite strong growth potential and attractive future earnings. Short-term volatility, driven by profit-taking and market fluctuations, adds a layer of caution for potential investors, pointing towards strategic buying opportunities on pullbacks. Overall, the sentiment is that CCO is well-positioned for future growth, provided investors can navigate through necessary corrections and volatility in the uranium market.

consensus icon
Consensus
Positive
valuation icon
Valuation
Overvalued
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Similar
Uranium, URA
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.
BUY
A Catch-22 situation. Have had flooding at Cigar Lake. This is actually helped it by forcing uranium prices up. They think they can get it back on in 2010. If you like exposure to uranium, this is a core holding.
TOP PICK
Street doesn't like it with its hedging of $30. Over time, these hedges will roll off. When that happens, there will be a huge uplift in earnings and cash flow. Treat it as a 3 year investment. Largest producer of uranium and the lowest-cost in the world.
DON'T BUY
Have extended their start up for Cigar Lake to 2010, which he feels is optimistic. They buy a lot of refined uranium from the Russians and there is no guarantee those contracts will be cancelled.
PAST TOP PICK
(A Top Pick Dec 6/06. Up 3.7%.) Thinks it will go higher.
PAST TOP PICK
(A Top Pick May 3/06. No change.) Cigar Lake mine was flooded. Uranium prices are hedged and will be re-hedged at higher prices. Still a Buy.
DON'T BUY
Just announced their remedial plans for Cigar Lake. Market was neutral. Hoping to start is a production in 2010. Still no valuation on their reserves. A lot of uncertainties. Prefers others.
DON'T BUY
Uranium prices have had a tremendous move. There is still good demand, but stocks have moved pretty dramatically in response. Very expensive relative to its underlying earnings. Its fixed price contracts are beginning to roll off.
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