Cameco Corporation (CCO.TO) Buy, Sell or Hold

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Cameco Corporation (CCO.TO)

141.60

+0.41 (0.29%)

as of Aug 24, 2026, 8:00:00 pm Market Open.

547 watching

Investor Insights

Aug 24, 2026, 12:00 am

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

Cameco Corporation (CCO-T) is viewed positively among analysts, primarily due to its pivotal role in the uranium sector amid a growing demand for clean energy and nuclear power. Experts underscore its increasing significance with the rising reliance on nuclear energy, particularly for data center power supplies, as well as company initiatives such as its 50% stake in Westinghouse. While its long-term prospects remain optimistic owing to robust demand, there are concerns regarding its current valuation, which is seen as high by several analysts despite strong growth potential and attractive future earnings. Short-term volatility, driven by profit-taking and market fluctuations, adds a layer of caution for potential investors, pointing towards strategic buying opportunities on pullbacks. Overall, the sentiment is that CCO is well-positioned for future growth, provided investors can navigate through necessary corrections and volatility in the uranium market.

Consensus

Positive

Valuation

Overvalued

Similar

Uranium, URA

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.

DON'T BUY

Too expensive. Feels the absolute top on this stock is $44. Model price is $32.

BUY

If long term contracts start seeing $25/27 versus $22for uranium, then this stock is the only large cap uranium play for global investors.

BUY ON WEAKNESS

Starting to look at the whole uraniium area. Would take a small position if it pulled back 10/15%. Uranium will eventually play a key part in the energy picture.

BUY

A lot of analysts are using $14/15 a pound for uranium, but spot market is north of $20 and some analysts feel it can go above $30. Cameco has lots of longer term contracts which limit what they get for uranium. Over time this will increase and that is where you will see the big uptick in earnings.

TRADE

Finds the price of uranium very surprising. Has not been a good prophet of this sector.

HOLD

Won't see the benefits of higher uranium prices for a year or so as they are into long term contracts. Expects the stock will have to go through a period of stabilization for awhile.

PAST TOP PICK

(A Top Pick May 28/03. Up 200%.) A nuclear rebirth is taking place. The stake they have in the Bruce Nuclear facility gives them leverage in Ontario into a rising power price market. Has had a huge run, so they are more cautious on it at this price. Would like at it $5 or so lower.

BUY

Thinks energy in general is going to be strong and especially likes uranium because of the global energy shortage. Expects uranium prices to continue to rise over the next 5/10 years. Has a lot of long term contracts, but will be renegotiated to higher prices.

Showing 961 to 975 of 1,109 entries

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Cameco Corporation (CCO.TO)