Cameco Corporation

CCO-T

TSE:CCO

11.05
0.16 (1.43%)
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
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Analysis and Opinions about CCO-T

Signal
Opinion
Expert
WAIT
WAIT
January 23, 2020

The only thing to look at is uranium prices. Until prices take off, stay on the sidelines. If prices take off, first go-to is the Uranium Participation Corp. Then come back to Cameco after that. Need a break above $6 before he'd be interested.

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Cameco Corporation (CCO-T)
January 23, 2020

The only thing to look at is uranium prices. Until prices take off, stay on the sidelines. If prices take off, first go-to is the Uranium Participation Corp. Then come back to Cameco after that. Need a break above $6 before he'd be interested.

SELL STRENGTH
SELL STRENGTH
January 21, 2020
A downward chart since early-2019. At $12.15, exit.
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Cameco Corporation (CCO-T)
January 21, 2020
A downward chart since early-2019. At $12.15, exit.
DON'T BUY
DON'T BUY
January 8, 2020
People have been waiting for interest in uranium and nuclear power for a long time. He has stayed away. He does not own it and does not follow it closely. It trades around book value and at forward earnings are not looking that robust. It is just too expensive. There will be more emphasis on nuclear generation in China and India going forward, but it could be a long wait.
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People have been waiting for interest in uranium and nuclear power for a long time. He has stayed away. He does not own it and does not follow it closely. It trades around book value and at forward earnings are not looking that robust. It is just too expensive. There will be more emphasis on nuclear generation in China and India going forward, but it could be a long wait.
DON'T BUY
DON'T BUY
January 3, 2020
The chart shows a stuck pattern. It's trading in a range from $11.50 - $12.50. Make sure to get out if it goes below $11.00. The demand-supply for this stock is very tricky. It's been on a downward trajectory from $50 for the last couple decades.
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The chart shows a stuck pattern. It's trading in a range from $11.50 - $12.50. Make sure to get out if it goes below $11.00. The demand-supply for this stock is very tricky. It's been on a downward trajectory from $50 for the last couple decades.
PAST TOP PICK
PAST TOP PICK
December 13, 2019

(A Top Pick Jun 14/19, Down 12%) They shut down their mine to tighten up their supply globally. It's one of the largest producer of uranium and they were trying to use their market power. It never panned out. It makes sense from an investment view though.

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Cameco Corporation (CCO-T)
December 13, 2019

(A Top Pick Jun 14/19, Down 12%) They shut down their mine to tighten up their supply globally. It's one of the largest producer of uranium and they were trying to use their market power. It never panned out. It makes sense from an investment view though.

PAST TOP PICK
PAST TOP PICK
December 6, 2019
(A Top Pick Sep 24/19, Up 3%) Lot has happened today, up 6%. Seasonality is late September to January. The world nuclear conference happens, and investors wait for it, to see the price. The US was holding back because some companies were pushing for reduction of uranium. The panel recommended to create a special reserve for the future, so this lifted the stock.
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Cameco Corporation (CCO-T)
December 6, 2019
(A Top Pick Sep 24/19, Up 3%) Lot has happened today, up 6%. Seasonality is late September to January. The world nuclear conference happens, and investors wait for it, to see the price. The US was holding back because some companies were pushing for reduction of uranium. The panel recommended to create a special reserve for the future, so this lifted the stock.
COMMENT
COMMENT
November 6, 2019
The uranium market will take care of itself, but when? The uranium price will depend on Japanese restarts which has been tepid. Low prices have taken a toll on CCO. Also, their balance sheet is no longer great. This depends on your patience in waiting for uranium prices to rise.
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Cameco Corporation (CCO-T)
November 6, 2019
The uranium market will take care of itself, but when? The uranium price will depend on Japanese restarts which has been tepid. Low prices have taken a toll on CCO. Also, their balance sheet is no longer great. This depends on your patience in waiting for uranium prices to rise.
DON'T BUY
DON'T BUY
October 30, 2019
Has owned it in the past. A tricky sector to enter now. Is suffering production cutbacks. The stock price may continue to improve, but he's not ready to bite.
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Cameco Corporation (CCO-T)
October 30, 2019
Has owned it in the past. A tricky sector to enter now. Is suffering production cutbacks. The stock price may continue to improve, but he's not ready to bite.
TOP PICK
TOP PICK
September 24, 2019
Seasonality starts now into mid-January. The chart dropped from 2015 to the start of 2019, then went sideways and consolidated, but now looks attractive. Looks good long-term. Get in now, get out in mid-January. (Analysts’ price target is $15.97)
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Cameco Corporation (CCO-T)
September 24, 2019
Seasonality starts now into mid-January. The chart dropped from 2015 to the start of 2019, then went sideways and consolidated, but now looks attractive. Looks good long-term. Get in now, get out in mid-January. (Analysts’ price target is $15.97)
COMMENT
COMMENT
September 3, 2019
He just took profits. They've done a great job in buying uranium to sell on their spot contracts. You could enter CCO now, but there aren't any catalysts to push the stock higher. Also, the 0.7% yield is too low. Be patient with it.
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Cameco Corporation (CCO-T)
September 3, 2019
He just took profits. They've done a great job in buying uranium to sell on their spot contracts. You could enter CCO now, but there aren't any catalysts to push the stock higher. Also, the 0.7% yield is too low. Be patient with it.
DON'T BUY
DON'T BUY
August 14, 2019
Uranium prices and operational issues are creating headwinds. The government of Kazakhstan has been boosting production to raise money and this is hurting their bottom line. He has no interest here. Remember, just because it is cheap it is not a reason to buy -- you need a real catalyst to confirm things are changing.
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Uranium prices and operational issues are creating headwinds. The government of Kazakhstan has been boosting production to raise money and this is hurting their bottom line. He has no interest here. Remember, just because it is cheap it is not a reason to buy -- you need a real catalyst to confirm things are changing.
SPECULATIVE BUY
SPECULATIVE BUY
August 13, 2019
2018-early-2019 saw a good uptrend, then has seen a downtrend. But take a stab at current $11-12 levels. This is a trade, not a long-term hold.
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2018-early-2019 saw a good uptrend, then has seen a downtrend. But take a stab at current $11-12 levels. This is a trade, not a long-term hold.
BUY WEAKNESS
BUY WEAKNESS
July 22, 2019
Uranium A few years ago, he thought uranium would be THE source of energy, but then Fukushima happened. This sector is challenging, though still tradeable. Cameco's chart is now building a base. Trade the range if you are long-term, if you are hopeful about this sector, but trading on hope is a weak strategy.
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Uranium A few years ago, he thought uranium would be THE source of energy, but then Fukushima happened. This sector is challenging, though still tradeable. Cameco's chart is now building a base. Trade the range if you are long-term, if you are hopeful about this sector, but trading on hope is a weak strategy.
WEAK BUY
WEAK BUY
July 18, 2019
They've tried to pull back production. Whole industry is doing the same to try to boost the price. Price now gives you a very interesting risk/reward. Once the market tightens, stock has a lot of upside, but you need to be patient. Not much of a dividend. Small weighting of 1-2%.
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They've tried to pull back production. Whole industry is doing the same to try to boost the price. Price now gives you a very interesting risk/reward. Once the market tightens, stock has a lot of upside, but you need to be patient. Not much of a dividend. Small weighting of 1-2%.
BUY
BUY
July 8, 2019
It's traded sideways for five years, because uranium prices have been flat. However, China is building many nuclear reactors, so this should rise. Buy and hold long-term.
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It's traded sideways for five years, because uranium prices have been flat. However, China is building many nuclear reactors, so this should rise. Buy and hold long-term.
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