TSE:CCO

Cameco Corporation (CCO.TO)

127.01
-1.86 (1.44%)
as of Jul 15, 2026, 6:55:18 pm Market Open.
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Investor Insights
star iconJul 15, 2026, 12:00 am

This summary was created by AI, based on 40 opinions in the last 12 months.

Cameco Corporation (CCO-T) has seen renewed interest due to rising energy prices and increased demand for nuclear power, leading to significant stock performance in the past year. Despite a recent dip, many experts highlight the overall upward trend in uranium demand as a positive long-term indicator. However, valuations are a primary concern, with several analysts citing the stock as overvalued despite its essential role in the clean energy transition and AI infrastructure buildout. While some experts recommend trimming positions or awaiting pullbacks, others emphasize the strong fundamentals and future growth potential in uranium. Overall, the sentiment on CCO is cautiously optimistic with a focus on long-term growth stories amid market volatility.

consensus icon
Consensus
Cautious
valuation icon
Valuation
Overvalued
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Similar
URAn, UUUU
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.
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.
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