TSE:CCO

Cameco Corporation (CCO.TO)

134.01
-0.81 (0.60%)
as of Sep 11, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconSep 13, 2026, 12:00 am

This summary was created by AI, based on 38 opinions in the last 12 months.

Cameco Corporation (CCO-T) continues to attract attention as a leading player in the uranium sector, benefiting from increasing demand for nuclear energy amid global transitions toward cleaner energy sources. Experts mention the mixed recent results but highlight substantial growth potential, particularly driven by factors such as AI requirements for electricity and the ongoing nuclear renaissance. Many analysts observe short-term volatility and price corrections; however, the long-term outlook remains bullish given the expected uranium supply-demand tightness and Cameco's strategic investments, like its stake in Westinghouse. Despite analysts pointing to high valuations currently, with price earnings multiples generally above 70, CCO-T is still viewed as a solid option for growth in an evolving energy landscape.

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Consensus
Bullish
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Valuation
Overvalued
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Similar
Uranium, U.UN
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.
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.
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