TSE:CCO

Cameco Corporation (CCO.TO)

148.77
-2.96 (1.95%)
as of Jun 25, 2026, 2:27:19 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
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Valuation
Overvalued
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Similar
URC, UEX
BUY
Up 29% over last year. Outstanding investment over last 5 years.
DON'T BUY
Urnaium has had a good year. Not a large demand in relation to supply.
BUY
Positive on the price of energy, including oil, gas, uranium, etc. The demand is not going away and there are supply constraints. Very important to have exposure to this sector. the best way to play uranium.
TOP PICK
Uranium is his favourite metal. The most reliable, lowest risk metal. This is the richest, most dominant uranium stock in the world.
DON'T BUY
Has done fabulously well, partly on the back of energy prices. Uranium is the energy source of last resort because of its high cost, lack of predictability and environmental risks. Trading at 50 X Trailing Earnings and 4 X Book Value. Would like a better margin of safety in the valuation.
PAST TOP PICK
(A Top Pick Dec 21/04. Up 28%.) Surprised him how well it's done. Thinks it's fully valued now.
BUY
If you have a 3 year view, you could buy now. For a short term play, buy half your position now and wait for a pullback. A great space to be. Recognized by Americans as a leading uranium play.
BUY
May be in a super cycle but it may be prudent to trim a little if you own. Like the outlook very much for the long term. This is the only large cap and quality name in uranium.
TOP PICK

(TOP SELL)This is not a SHORT. If you own, take some profits. He sold about 1/4 of his holdings. He figures if you sell 1/3 you'll get a chance to buy it back cheaper sometime in the next year.

DON'T BUY
Came up to one of his major resistance levels at about 4 X Book Value. Still has lots of upside potential. Guesses that it could ride with the oil stocks, but from a long term historical point of view, it's getting to the level where you want to be slowly pulling some off the table.
WEAK BUY
Stock has gone up a lot. They have hedged half of their production, so earnings are not going to go up much in '05. Will trade on the price of uranium rather than the P/E ratio so if uranium prices continue going up, this stock will do well. Finds more leverage in the smaller uranium companies.
DON'T BUY
Expensive here. Has run in anticipation on the price of uranium, but this company is quite capped in its contracts. Trading at 19.5/20 X earnings. The Bruce Power asset has not been delivering. Costs are much higher than expected.
BUY ON WEAKNESS
Had a disappointing earnings report. Power side was weak. They don't have a lot of leverage to uranium prices as they are locked in to different uranium prices. The stock will do well as long as uranium prices increase. An expensive stock.
WAIT
Uranium has been one of the top performing commodities. In today's down market, it was up a couple of $'s. If you want to have exposure to uranium, this is the only company you can own. Trading at over 30 X earnings. Would wait to see if uranium prices drop.
TOP PICK
One of his riskier picks. Has risen many, many times over the last few years, but he likes uranium. It's in sync with his overall preference for energy. Thinks $30 a pound or higher for uranium is quite likely.
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