TSE:CCO

Cameco Corporation (CCO.TO)

158.44
-1.08 (0.68%)
as of Jun 4, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 45 opinions in the last 12 months.

Cameco Corporation (CCO) has emerged as a significant player in the uranium sector, driven by a global resurgence in nuclear power demand. Most experts appear optimistic about its long-term prospects, noting that the combination of geopolitical tensions, especially the Ukraine-Russia war, and the growing shift towards clean energy sources favors the uranium market. The company has strong fundamentals with increasing earnings and a notable strategic acquisition of Westinghouse, enhancing its operational capabilities. However, many analysts express concerns over its high valuation, with a considerable number recommending to wait for a price pullback before initiating positions. Despite the positive sentiment around nuclear energy as part of the future energy mix, opinions vary on the appropriate entry points for investment, with current price levels prompting caution among some investors.

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Consensus
Cautious
valuation icon
Valuation
Overvalued
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BUY
Getting up to about 8 X Book Value, which is not cheap. Trading near his Fair Market Value. The strength is the very powerful possibilities that China is swinging very powerfully towards nuclear energy. Speculative.
DON'T BUY
Some mining people are questioning if the Cigar Lake mine is salvageable. If so, it could take a long time before recovery.
BUY
If you are a long-term investor, this is a buy. Uranium she continues going up.
TOP PICK
Suffered a major disaster at their Cigar Lake mine. Have started surface drilling to correct the problem. In the meantime, uranium prices keep going up and they have a lot of it. You will have to be patient.
HOLD
Major flooding in their Cigar Lake mine. Uranium is going up, and this is the single best play on the planet. What you have lost in production has been made up for with the commodity going up.
BUY
In the penalty box because of the flooding of its Cigar Lake mine. This puts a question mark on the company. Was trading around $44 at the time. Value of the mine was about $6, so the market has literally wiped it out. A phenomenally low cost mine, so expect management will try every way to remedy the problem. Would buy half now and see what happens.
DON'T BUY
Fundamentals are much weaker than most of the materials sector. Able to outperform the market if you are prepared to look out 12-18 months. A weak sister in the sector.
BUY
Severe flooding at their Cigar Lake mine. Although they are getting hit, the price of uranium continues to rise. Good price.
DON'T BUY
The flooded mine is a disaster for them. Company feels it might be able to get back in production after a two-year delay. A very complicated mine to develop.
TOP PICK
Likes uranium. It's supply constrained, and there is no available product to come from anywhere else. Have a fabulous cost structure. All you need is a $5 increase in the price of uranium, and you've offset the damage of Cigar Lake.
BUY
Had to close a Saskatchewan project because of flooding and the stock had a big drop. This might have a short-term effect on the price of uranium. Produces 20% of the world's uranium and is the lowest cost producer.
WEAK BUY
Major project at Cigar Lake had an uncontrolled flooding situation, which results in all underground operations being flooded. Have more uranium than anyone else, as well as good interest in the Bruce Nuclear power plant and some gold. Good for a long-term hold, but you have to have a strong stomach.
HOLD
Difficult not to hold this one if you're into uranium. Doesn't get enough money for its uranium and won't for 2 or 3 years.
DON'T BUY
Really likes uranium but feels this one is too expensive.
DON'T BUY
Was well ahead of the price of uranium and still is. One bad event will cause these stocks to collapse.
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