TSE:CCO

Cameco Corporation (CCO.TO)

121.40
-0.44 (0.36%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
552 watching
0
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.
COMMENT
Thinks it will tread water for the rest of the year. There could be some profit taking if investors get impatient with flat trading.
BUY
Likes the uranium story. Thinks this is a fine level.
WAIT
Longer term trend looks very good. You want to see the whole energy sector have a good reversal with high volumes.
DON'T BUY
His model price is $36.80 which is a 37% negative differential. Uranium stocks are massively overvalued and he wouldn't tuch them with a ten foot pole no matter how good the story was on uranium.
DON'T BUY
Likes the outlook for uranium. This stock is pretty expensive at this time.
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