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

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Cameco Corporation (CCO.TO)

158.44

-1.08 (0.68%)

as of Jun 4, 2026, 8:00:01 pm Market Open.

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Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 45 opinions in the last 12 months.

Cameco Corporation (CCO) has emerged as a significant player in the uranium sector, driven by a global resurgence in nuclear power demand. Most experts appear optimistic about its long-term prospects, noting that the combination of geopolitical tensions, especially the Ukraine-Russia war, and the growing shift towards clean energy sources favors the uranium market. The company has strong fundamentals with increasing earnings and a notable strategic acquisition of Westinghouse, enhancing its operational capabilities. However, many analysts express concerns over its high valuation, with a considerable number recommending to wait for a price pullback before initiating positions. Despite the positive sentiment around nuclear energy as part of the future energy mix, opinions vary on the appropriate entry points for investment, with current price levels prompting caution among some investors.

Consensus

Cautious

Valuation

Overvalued

Similar

NTR,NTG

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.

BUY

Sees further upside potential and is buying for new clients.

HOLD

Feels it is dropping because of profit taking. A good stock for a long term view.

DON'T BUY

Extremely expensive. Likes the outlook for uranium and there might be some junior mining companies that will be coming in to the market in the next few months.

HOLD

Trading as though uranium was $20 a lb. Pretty fully valued.

BUY ON WEAKNESS

The concern is that the stock has risen much more rapidly than its earnings are going to rise. Has a lot of lids on the price that it receives for uranium because of contracts. With the current multiple there is a fair amount of risk.

TOP PICK

(A Top Pick Nov 11/04. Up 19%.) Correlation seems to be between the commodity price and the stock. Expects to see $30 maybe $40 uranium before the cycle runs out. The dominant player in the world. Low cost producer.

DON'T BUY

Short term on a split, you often see shares trade at a premium. Feels that a lot of the story is out. Not a bargain.

HOLD

Has a phenominal strong trend. Have noticed increased volatility in the last few months. This usually indicates you are usually getting close to the mature part of the trend. If you see a break in the trend, lower lows and lower highs, then exit.

BUY

Had a huge run. The uranium market has spectacular fundamentals. Because of their hedging, it will probably be 2006/2007 before the impact of the earnings will be felt. For long term holding you can buy now. For a short term view, wait for a pull back.

PAST TOP PICK

(A Top Pick August 8/04. Up 35%.) This is the proxy for uranium. Believes that uranium will reach $30.

Showing 961 to 975 of 1,099 entries

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Cameco Corporation (CCO.TO)