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
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Valuation
Overvalued
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BUY
The biggest and best uranium producer in the world. Uranium is still in a very strong demand situation. Probably a good time to buy.
BUY
The stock has had a falling off but it is coming back. Believes it is a good buy. Buy at $45.00.
TOP PICK
People are looking at nuclear energy more. This company is well placed. It is a long term play. He has held it for 3 years and plans to hold the stock for 10.
DON'T BUY
So expensive. Take all the good news from the balance sheet and he has a model price of $26 which is a 40% over evaluation.
COMMENT
The king of the uranium stocks. The highest grade in the world. They have their prices hedged for two more years and, even then, they won't be getting the full price of uranium.
TOP PICK
Trading 44 X current earnings. Really likes the outlook for uranium. The outlook for production is not even going to be able to meet the demand in the near/medium term. They are not only in mining, but looking for other facets of nuclear energy.
DON'T BUY
The price of uranium continues to go higher. This company has a lot of long-term contracts that are signed at very much lower prices. At 20 X cash flow, it is way too high for him.
DON'T BUY
Stock has become too expensive and he sold his position. Expects uranium to continue to do very well.
DON'T BUY
Outlook for uranium is terrific however; this stock is very, very expensive and will not fully benefit from the rise in uranium prices because of fixed price contracts. By ‘08/09 these contracts will have rolled off. Trading at 50 X earnings.
DON'T BUY
Feels that uranium is going to be one of the key resources that allows the US to break its hegemony on oil. He has chosen to use Uranium Participation (U-T) instead. This one is far too expensive.
DON'T BUY
Likes uranium, but think it's getting near to the top of its price range. Because Cameco is the biggest, most liquid uranium company, it's the one that everyone goes to which has pushed the stock price up. Too expensive.
DON'T BUY
Model price is around $25.73. A negative differential of 43%.
BUY
If you want a uranium play, he would stay with a senior.
DON'T BUY
Can see uranium prices going higher, but this company has not benefited from this. Have been constrained in their production recently. Cigar Lake is going to be delayed coming back on. Have had some cost problems. A lot of their contracts are still at the old price of uranium.
DON'T BUY
The alternative energy sources theme is not going away anytime soon. Question is, how far in the future earnings are being discounted. The chart gives him a bit of concern. Would buy at the lower end of the trading range.
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