TSE:CCO

Cameco Corporation (CCO.TO)

134.01
-0.81 (0.60%)
as of Sep 11, 2026, 8:00:01 pm Market Open.
548 watching
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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
valuation icon
Valuation
Overvalued
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Similar
Uranium, U.UN
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.
DON'T BUY
Somewhat leery of uranium stocks given the massive run they've had over the last 2/3 years. Pricing is done on a contract basis versus the spot price the people see and quote on the market and with that, you don't always get that ramp up in price and earnings. Junior uraniums especially looked very stretched.
HOLD
Another commodity stock that has had a humungous run. Has dropped off and expects it has further to go, but longer term the stock will be higher because uranium is going to be in strong demand for the forseeable future. Wait for the low $40's before buying.
BUY
Long term chart looks scary with its spike, but when you are looking at flow charts, you can get a distorted picture compared to an algorthmic chart. Algorithmic charts show the price of this stock will go higher. It is definitely holding its 200 day moving average.
DON'T BUY
Has decent upside potential and it moves with the energy market. Quite expensive from a price to book basis, so you're not buying it at any kind of a deal. Just ride it with the market (with the energy stocks), but when they look as if they are tiring, probably say goodnight.
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