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
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).
COMMENT
Sceptical on the optimists on Cigar Lake. This company had a similar flooding at MacArthur River 3 years ago. Thinks it will take a long time for them to figure out how to deal with this.
COMMENT
Nuclear related activities, including exploration and production of uranium, don’t meet his criteria. Feels that nuclear power has tremendous risks. How you dispose of nuclear waste is a long-term major problem. Very capital intensive and feels the private sector has no business being in.
COMMENT
Has a small position shorted on this as a hedge against his small uranium plays. A risky move and doesn’t recommend it.
BUY
Has been hit and can only have some good news now. Expect institutional buying will move into this name.
DON'T BUY
World’s largest producer of uranium. Got overpriced and the stock started to cool off and then they got hit with a flood in their Cigar Lake mine. Stock has recovered. Still a little expensive. Speculative.
COMMENT
In spite of their Cigar Lake problems, they still have decent reserves. If they can fix up the problem faster than was thought, it would provide some upside opportunity.
HOLD
The Cigar Lake flood was the catalyst for the spike in uranium. Created a good price. The “go to” name for big cap managers.
COMMENT
Looking a lot better from its down turn. May play a little bit of catch-up. Still the “go to” name in uranium. Cigar Lake mine will be substantially delayed..
COMMENT
Flooding of their Cigar Lake mine created a sell off which was where he bought the stock. The assets are still there in spite of the flood. Demand for uranium will continue to grow.
DON'T BUY
Priced for perfection with a multiple of around 38 X earnings. Very expensive stock.
BUY
Fall off occurred with the flooding of their Cigar Lake mine. Also own a nuclear power plant in Ontario. Also has some gold. The biggest most liquid play on uranium with the longest life reserves. Good price.
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