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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NTR,NTG
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.
DON'T BUY
A commodity sensitive stock that's had a spike. Never buy into a spike. If you own, watch the pivot point of the mid $40's and if it breaks that point, get out.
BUY
A world class go-to name for uranium. Uranium prices appear to be going higher. They have significant hedges, so they don't benefit. If you believe energy prices are going higher (which he does), there will be a proliferation of nuclear facilities.
HOLD
Had a tremendous run. Uranium is the one metal that he would bet would be higher in 1, 2 or 5 years because of nuclear needs.
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