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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URC, UEX
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.
BUY
This is the only serious uranium mine in the world. It owns the Saskatchewan/Athabascan basin, by far the richest deposits in the world and will stay that way as far as we can see. Immensely rich. Has diversities with Bruce Power (which is a bit problematic) and some gold.
BUY
Whenever a company goes up that much in such a short time, inevitably there is profit taking. Extremely bullish on uranium and this is the best in that sector. Buy on any pullbacks or corrections.
DON'T BUY
48 X earnings scares him. Regardless of the price/earnings ratio, if you are a huge US institution and you want into uranium, this is the only one to buy. To get some uranium has started buying Uranium Participation (U-T).
BUY
Wait for commodity stocks to reach a bottom, stabilize and start to rise. Thinks this one has stopped going down, so now would be a good time to start looking at it. Long term outlook is excellent.
DON'T BUY
Very levered to the whole energy cycle. Very cyclical. Feels energy prices are going to stabilize in the low to mid $40's for some time and this company has seen its best days behind it.
BUY
Has come back a great deal. A better way to play uranium. Very attractive and will be a lot higher in 1/2 years.
DON'T BUY
Overpriced. Uranium is $20 and will probably go up to $40 and this is where Cameco is priced now, so the stock is ahead of the commodity right now.
DON'T BUY
Had owned a lot of this stock, but has sold their position. His model price is $32. When you look at their earnings and their balance sheet, they are way overpriced. Looking at this valuation going forward, even with the earnings estimates, he still gets $52 as his target price.
WAIT
If oil comes off, uranium might come off in the short term. Would wait for a few months before buying. Longer term, it’s a world class company.
DON'T BUY
Have looked at this one quite closely, but it looks very expensive at current levels. Outlook for uranium is terrific, but they've got fixed price contracts, so they are not realizing the price gain. Uranium is about $21 and they only realize about $13.50.
BUY
A good uranium strategy is to buy Cameco. They not only have uranium in the ground, but they are also the largest converter of uranium. You get a double whammy on the increase in the uranium price. As the demand for uranium goes up, the demand for uranium conversion goes up as well.
BUY
The outlook for uranium appears to be positive. It is in tight supply. Going forward, a lot more power will come from nuclear sources. His problem has been trying to time the uranium market. This is a pretty well positioned company.
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