Cameco Corporation (CCO.TO) Buy, Sell or Hold

Cameco Corporation (CCO.TO)

121.40

-0.44 (0.36%)

as of Oct 2, 2026, 8:00:00 pm Market Open.

552 watching

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.

PAST TOP PICK

(A Top Pick March 27/06. Up 7.1 %.) Their big problem was the flood at their Cigar Lake property in Saskatchewan. Still likes.

COMMENT

With energy shortage globally, countries are being driven to invest in nuclear. The downside is that uranium has gone absolutely ballistic. This company is in the catbird’s seat. Has excellent long-term potential. FMV is quite a bit higher than the current price.

DON'T BUY

Looks like it is at least 2 years before the Cigar Lake mine can be fixed. Prefers the others that are beneficiaries instead of having the complications of this one.

DON'T BUY

Not a big fan. Cigar Lake is still in danger of being greatly delayed or unable to reach its potential. Stock is trending down.

DON'T BUY

Very keen on uranium as a commodity. He prefers Uranium Participation (U-T), which is a holding company and eliminates the exploration risk. Also likes Fronteer (FRG-T) and Aurora (AXU-T).

HOLD

The world's largest leading uranium company. Have problems with its major new mine, which is holding its back.

BUY

Very attractively priced. Strongly believes they will remediate the flooded Cigar Lake mine. Will be able to maintain lost production through other mines they have.

PAST TOP PICK

(A Top Pick Nov 21/06. Up 11.6%.) Still likes the company because he is positive on uranium, but nervous about Cigar Lake. Still likes.

BUY

Likes uranium and the uranium story. Thinks we will have to wait until the 2nd quarter to see what is going on. If Cigar Lake is toast, it will make uranium prices go up faster. If it isn't, and can be repaired, this will be good for this company.

COMMENT

Had to hedge their Cigar Lake bets. Into several joint ventures with smaller companies so the drilling and the risk is not with them.

DON'T BUY

Has done so well over the last 5 years, but is selling uranium dramatically less than the $72 spot. Growth profile was completely aligned with Cigar Lake, which is now in question. Also buys uranium from Russia, which can be questionable. He is shorting this company.

DON'T BUY

Still a little upward momentum in uranium prices, perhaps $80-$100, but getting close to the end of its move. Valuation on this one is a little stretched. Denison (DML-T) is more unhedged going forward and would be his1st choice followed by Uranium Participation (U-T).

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Cameco Corporation (CCO.TO)