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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URC, UEX
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.
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.
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