Cameco Corporation (CCO.TO)

Commodity-based stock. She's positive on demand for nuclear, but invests indirectly; think BEP.UN and TRP. Globally, 60 nuclear plants are in construction, 100 in planning stages. Long-term tailwinds. But short term, she can't predict the commodity price.

He likes the sector longer term. In the near term, basic materials have pulled back on weaker economic data. He came out of this name when it broke the 200-day MA, technical breakdown. Would love to see the stock get repaired, needs to see bottoming in price action. Future is bright, great company.

He has a 3 to 6 month horizon. There is need for power grid supplementation and uranium is a good place to be. The long term chart is all over the map. He bought it two years ago and is holding.

Bullish on uranium. Nuclear renaissance, contributing to increasing demand. His choice in the space, as it's bigger and is actually producing.

CCO operates as a uranium provider for the generation of electricity that is in the process of integrating a large acquisition. CCO operates in a cyclical industry, and has limited capital returns, and the recent acquisition also pushed the leverage level to a high level. We are okay with taking the loss in CCO to move funds to HPS.A, as we think HPS.A could have more potential to achieve solid growth going forward while still trading at a fair valuation. 
Unlock Premium - Try 5i Free

Robust outlook for nuclear. Valuation's a bit high, and for that reason it's a hold. Don't add at this point or start a position. Wants to see better earnings growth and a more reasonable valuation. Likes the business, but not the price yet.

Outlook mixed. 5-year uranium book did creep higher. 2024 guidance unchanged. Can buy on pullback today. He models 44% EPS growth for 2024-2026. Stock was pricey, today is a reset. First, check whether it's moving close to its 200-day MA.

Broke out in 2023. Despite pullback, he's still in because the bigger trend that began in 2022 is definitely still in place. As long as it's not breaking the series of higher highs and higher lows, he really likes the uranium space. An opportunistic buy as it pulls back.

Go to his blog and search "uranium" for lots of research. Good long-term story, the future for power.

You have to really believe in uranium. Two pieces, with Westinghouse and mining. Cheap, on 2028 spot uranium prices, but you have to believe that those prices are on an upward march. He's constructive on nuclear as a whole, and CCO is the only way to express that view.

He doesn't own it because of valuation, better opportunities out there. If you like uranium, you really don't have any other choice.

Large share run up lately with a recent dip a good time to buy. Owns shares in portfolio. One of the World's largest Uranium reserve deposits. Benefiting from higher Uranium prices - expecting ~30% earnings growth. Rising Nuclear demand in North America will be good for the business. Recent M&A is proving to be fruitful as well. 

Uranium production very sensitive to Russian instability. As a result, high prices have been good for business. Would recommend holding for the long term. Stock full valued at this time. Would buy around $60/share. 

The question asked for his preference between Cameco and Denison. Uranium is up and momentum is with them but he wouldn't buy them. New nuclear projects are ten years away for development. Denison has a new mine in Saskatchewan but it is a 10 year project. Cameco trades at 30 times revenue.

One of the few he's held since 2021, with intermittent trading. He got back in after a consolidation in 2023. He's been living through the volatility without worrying too much. Trend is up, momentum is good, and the story is good. Huge demand on power grid coming from AI, and nuclear is the only solution. Yield is 0.2%.

He has the evidence to show that he's made more by picking entry and exit points in a trading range. He gives stocks the benefit of the doubt, and only sells if a rounding over continues. He's not concerned about the recent rounding over, as he can see the $60 support level on the chart.

For a direct investment, we would consider CCO fine and likely the safest. There are smaller exploration companies, developers and companies involved in building facilities. One can also invest in uranium ETFs that hold the metal directly. But we think CCO provides the easiest stock exposure for exposure to the sector. 
Unlock Premium - Try 5i Free

Clear leader, demand is going up around the world. Generally, shift to cleaner energy over time. Oil prices have been moving higher based on geopolitical pressures and stronger demand than expected. Likes the space. Long-term contracts. High valuation right now, expensive. He owns just a smattering.