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
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.
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.
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