TSE:CCO

Cameco Corporation (CCO.TO)

146.37
-5.36 (3.53%)
as of Jun 25, 2026, 7:12:18 pm Market Open.
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Investor Insights
star iconJun 25, 2026, 12:00 am

This summary was created by AI, based on 42 opinions in the last 12 months.

Cameco Corporation (CCO-T) has gained significant attention as energy prices rise and the demand for uranium from nuclear power increases. While experts express a bullish sentiment toward the long-term potential of uranium, they are also cautious about the stock's current elevated valuation and recent volatility. Some experts suggest that the price run-up might lead to profit-taking, with recommendations to wait for a pullback before considering additional investments. Despite these concerns, there are strong indicators of a structural shift toward nuclear power due to growing energy needs and geopolitical factors underscored by supply constraints. The acquisition of Westinghouse enhances Cameco's position in the industry, and many experts highlight the importance of nuclear energy in the future clean energy landscape.

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Consensus
Bullish
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Valuation
Overvalued
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Similar
URC, UEX
PAST TOP PICK
(A Top Pick Nov 8/05. Up 40%.) The question is, how scary is it and the answer is, it depends on what you think about nuclear power. He believes there will be a lot of nuclear plants built in this decade and as far as the eye can see. He finds it hard to buy at this price.
DON'T BUY
He is a believer that we are at the peak in world oil production and if that’s true we will likely have sustained high energy prices including nuclear and uranium. However, that is more than amply discounted in the stock price. They have locked in prices that are far lower than the spot price, so an increase in uranium prices may not affect them.
DON'T BUY
Likes uranium and it is ultimately going to get more of a play but his problem with Denison (DEN-T) and Cameco (CCO-T) is the price to earnings ratio or the price to cash flow ratio is fired too high. He prefers Uranium Participation (U-T) which gets rid of the price earnings ratio issue and you get rid of the exploration rests. Given a three outlook, Uranium Participation could be much higher.
BUY
Uranium is doing really well. They all the Bruce Nuclear Power plant. Also have some assets in gold which is doing well these days.
DON'T BUY
Has had a tremendous run and is a very difficult stock to be buying now. The company fundamentally is very sound. He has a bit of a problem with the free market uranium price which seems to be driven by the speculative market. Feels we may be near the peak.
BUY
This has been a tremendous story. The price of uranium continues to firm well north of $30. You have good leverage coming with strong oil prices on the other side. This is causing governments to ask if they should be increasing their exposure to nuclear power. This is probably the best way to play it.
DON'T BUY
The multiples on this company are astronomical and they are still tied into their contracts so the earnings aren't coming on.
BUY
At this price, he is looking at holding a core of position, but trimming some of the excess of this stock from his portfolio. If you don't all night, he wouldn't hesitate to buy. The outlook for uranium is excellent. Some hedging came off in 2005 and more is to come off in 2006 with the final amount coming off in 2007.
WAIT
Thinks next year is going to be a very good year for uranium. Just sold his positions in this company. Uranium has a correlation with the price of gold and would look to reestablish his position once the gold price levels off. Expects 2006 will see a doubling of earnings as a lot of their forward contracts will be expiring.
WEAK BUY
Quite highly valued from his perspective. Has broken out from a long term “price to book” high and shows signs of moving higher, but not like the oil stocks that have a lot of upside potential. Long term for uranium has to be outstanding.
TOP PICK
Has gone up 79% over the last year. Should be a core position in long term Canadian equity portfolios because they have the nuclear exposure from both uranium and the Bruce Nuclear Power. Not cheap.
BUY
Uranium is not a heavily traded market, but the price was up again this week. Feels that the price of uranium could be north of $100.
DON'T BUY
His model price is $35. Expectations are so high on certain stock/sectors, they are almost doomed to failure.
DON'T BUY
Wouldn't buy at this price. Would prefer the explorers like International Uranium (IUC-T) and UEX (UEX-T) which has been discovering very high grade uranium.
TOP PICK
Under $65 it's a pretty attractive stock. Not nearly as cyclical as the other metals.
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