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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SELL
A very expensive stock. Trades at 52 X this year's earnings and 35 X next years. There is a lot of risk in the price. Would take profits here.
SELL
The uptrend has been violated and he thinks we are just playing with tops. Maybe uranium is going to go higher and this is probably a great long-term investment, but he would trade out of this and into a dog such as Denison Mines (DEN-T).
COMMENT
Uranium will be a very strong commodity over the long-term. As the economy starts to roll over, commodity prices do fall, so the question is, how far do you think the economy is going.
BUY
The “Gold Standard” in the uranium market.
PAST TOP PICK
(A Top Pick May 3/06. Down 5.5%.) The value of Centerra Gold is not included in the price. Also, there will be increased need for uranium in Ontario. Still likes.
HOLD
A good resource. Ahead of the price of uranium. Expect it will continue to do well.
TOP PICK
Feels that US money managers will be looking for a blue chip way of playing uranium.
BUY
Has had a spectacular performance in the face of uranium price increases. Have had very good earnings and cash flow results. A slight negative is that it’s pricey, but the outlook for uranium is higher prices.
DON'T BUY
Bullish on the uranium market in general. The annual supply is about half of the annual demand. However, this company has other areas besides uranium and they are struggling a little bit. There are a better plays.
BUY
The safest uranium play. If you want to go into a smaller company, it is better to have a basket of juniors such as Energy Metals (EMC-X), Tournigan Gold (TVC-X) and Palladon Ventures (PLL-X).
DON'T BUY
Very expensive on a fair market value basis. Equally expensive on a price to book value.
DON'T BUY
Ahead of itself. It is really representing a much higher price for uranium.
DON'T BUY
In terms of earnings, it is extremely high multiples. They are still selling their product on contract at much lower prices than the spot price. Overpriced.
TOP PICK
Valuation looks high at 53 X PE but it does not reflect the full value. Owns uranium power plants, a uranium pellet maker, a gold mine in Kurdistan.
DON'T BUY
This stock is wildly overvalued. His model price is $25.97 which is a negative 42% differential.
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