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
valuation icon
Valuation
Overvalued
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Similar
URC, UEX
DON'T BUY
On a valuation basis he has it at between $32 and $38. A good company. Wait for a pull back before buying.
BUY
Clearly reacting to the price of uranium and expects this price will continue to climb over time. This company has sold a lot of its production forward, so doesn't expect its earnings to keep pace with the rise of uranium in the short term. Ok for a long term holding.
BUY
Expensive, but will continue to be expensive. Uranium price has moved up again. It's the only liquid producer that you can play on a global basis. Locked into contracts that were locked in at lower proces. When these contracts roll over (late '06 and into '07), their earnings could improve.
DON'T BUY
Trading a little ahead of itself. Has long term contracts that cap the amount that they can earn.
BUY
Trading at 20 X cash flow so statistically it's overvalued. If you laid the price of uranium over Cameco's chart, they would be fairly identical. Positive on it, but would want to be out early before it peaked as it will have a long way to fall.
BUY
Working its way up again to new highs.
BUY
Had a wonderful leg and believes there is still more to come. Just had a breakout from a triangle formation. Could be heading towards the high $80's. A move above $60 will be a confirmation that the stock is starting a new upleg.
DON'T BUY
Long term growth in energy demand is going to be hard to be met. A lot of the growth in uranium is already in the stock price. Trades around 45 X earnings. YOu can do better elsewhere, such as oil companies and coal.
DON'T BUY
He doesn't have the courage to pay tremendous multiples for anything, but does like uranium, so bought Uranium Participation (U-T) on the new issue which is a conservative way to play uranium.
DON'T BUY
Has had a tremendous run. People are tracking this to the price of uranium, but Cameco doesn't get the full price because it has so many fixed price contracts. This is the only way to play large cap uranium. Pretty fully valued.
WEAK BUY
Has set back to roughly 4 X book level. Lots of upside potential, but long term trading history shows this to be a very extended price to book high and as a consequence, feels the stock is having trouble getting going from current levels. Prefers owning oils which are cheaper.
DON'T BUY
The problem is that the company is tied into relatively longer term contracts. Even though the spot price for uranium is up, the actual earnings base is growing at a lot slower rate. Looks expensive. Could be OK if you are looking for a 5/10 year hold.
DON'T BUY
It has had such a huge move in the past couple of years. Has been selling a bit of his holdings. Still feels that uranium will go higher, but it's starting to get to a point where you're already paying $35.40 uranium prices in the stock today.
BUY
Likes this stock very much. Feels that nuclear energy is going to have a Renaissance in the next few years.
BUY
This is the biggest user of uranium. One of the few plays on replacing primary power of coal, gas, etc.
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