TSE:CCO

Cameco Corporation (CCO.TO)

121.40
-0.44 (0.36%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
552 watching
0
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.
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.
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