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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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.
DON'T BUY
Loves uranium. Long term price for uranium is $30. This company is selling long term contracts at $14 so for the next 3 years they don't benefit from the higher price. Bruce Power has been disappointing. This stock will probably keep reflecting on what is happening in uranium. Not a cheap stock.
BUY
Q: Being bullish on uranium, do you prefer Cameco (CCO-T) or Denison Mines (DEN-T)? A: The price of uranium will move up steadily. A lot of Cameco's uranium price is hedged. Stock price is also based on their ownership of the Bruce Nuclear plant. As time goes on profitability will rise. (This may already be built into the stock.) Prefers this over Denison.
DON'T BUY
In a fabulous position with a fabulous business. There has been more uranium burned since the mid 80's than there has been produced, the shortfall being filled up by nuclear stockpiles. Uranium is doing extremely well as a commodity and this company is the largest and lowest cost uranium produce. Looks a little expensive on a P/E basis.
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