Buy, Sell or Hold: Cameco Corporation (CCO-T) — Stock Predictions at Stockchase

TSE:CCO

25.38

1.42 (5.30%) 1d

Showing 1 to 15 of 947 entries

COMMENT

A uranium producer. Shares have done quite well. Nuclear is a viable, non-carbon energy producer, but can nuclear overcome negative impacts when things go terribly wrong (a nuclear accident). She doesn't know. To buy Cameco, you must have a positive, long-term outlook for uranium.

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COMMENT

The biggest problem with nuclear power is no one wants it in their back yard. Germany, Japan and others are backing out of expansion, despite the benefit from a climate change perspective

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WATCH

It's very hard to make nuclear investment which lasts 50-100 years when government policy can change in 5-10. He feels nuclear will be a growing part of power demand, because there's not enough green energy to offset carbon power. CCO is up on uranium prices climbing. Watch, but don't buy this. It pays only a modest dividend, and shares have doubled this year. Watch.

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BUY on WEAKNESS

Shortage of consumption vs. production, but there are massive inventories on the sidelines, which is holding back gains. Japan turning reactors back on in the next 2-3 years will bump the price. Good long-term story. Wait for it to drift into the $20s before you buy.

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HOLD

Across the world, politicians are recognizing the importance of nuclear as part of the total energy picture. Depressed prices have been tough on the sector. But now the price is up. Outlook for nuclear is positive going forward. He's more comfortable owning CCO than the commodity. He's owned CCO since December, has lightened up since it's had a great run, but retains a small position.

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HOLD

Equity vs. covered calls. Buying uranium on the spot market had been lower than the cost of mining it. But now the price has increased. At what price do they start bring production back online? He thinks around $60 or higher. He lightened up, as the position got north of 3% of his portfolio and he wanted to lock in profits. As the share price goes higher, it gets a lot more volatile. Covered calls are a smart way to play the position, but you have to be aware that you could get taken out. It's not something he'd do, but he understands the argument for getting some extra yield pickup.

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BUY

The sector will start to be more volatile as more eyes start to look at it. However, uranium is a key way to greening the world. Before the Fukushima incident, Cameco was higher so there is probably still more upside to be captured.

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BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The earnings miss was mostly related to cost creep. Underlying supply and demand remains positive for the company. There are also two mines that are shuttered, further adding to supply issues. Unlock Premium - Try 5i Free

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RISKY BUY

Miles and miles ahead of even remotely reasonable value. FMV is 90% below current stock price. Plans for new and refurbished reactors suggests there will be spectacular demand in the future. Pure speculation, but not like Bitcoin. Powerful potential. 2-4% of your portfolio and hold, but don't watch it every day or you'll go nuts.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The space has seen more interest and the supply demand picture is positive for CCO. It has been losing money but this could change quickly depending on the new pricing regime. The company is debt free and has $200M in cash. Unlock Premium - Try 5i Free

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HOLD

Like any commodity producer, you are on a roller coaster because of the commodity price. We are in the sweet spot for Uranium so you may want to hold on to it for a while longer. The whole world cannot reply on wind and solar. He thinks you will see a bit of a resurgence. It is okay valued here.

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DON'T BUY

It is part of the solution for the planet going forward. It's become a bit of a Reddit favourite. He wouldn't buy any stock that's the flavour de jour.

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DON'T BUY

It's been a surprising year for uranium with the price jumping from $29 to $44. Uranium funds have been buying a lot of uranium. But he is perplexed by this metal; it has a lot of politics around it with intentions to build reactors, but always in the future. Not sure if uranium prices will hold. CCO stock is too high now. He avoids this space.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is debt free with around $200M in cash. The uranium price changes the company’s outlook. Cashflow is recovering nicely. The price could run some more off of supply and demand. Unlock Premium - Try 5i Free

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DON'T BUY

Why has this jumped in the past week? Reason: Sprott Uranium Physical Trust (U.UN-T which he owns) which buys spot uranium which Sprott recently took over and recently raised $300 million in an at-the-market offering in order to buy spot uranium. This is an illiquid market, so spot uranium is a self-fulfilling price move. Utilities will get caught short on this move. He doesn't like Cameco because it's expensive, volatile with spotty earnings. Balance sheet is fine, but missed its last quarter. The stock has moved up with the price of spot uranium. Watch the uranium move, which is in its early days, but he prefers U.UN itself.

integrated mines

Showing 1 to 15 of 947 entries

Cameco Corporation(CCO-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 19

Stockchase rating for Cameco Corporation is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cameco Corporation(CCO-T) Frequently Asked Questions

What is Cameco Corporation stock symbol?

Cameco Corporation is a Canadian stock, trading under the symbol CCO-T on the Toronto Stock Exchange (CCO-CT). It is usually referred to as TSX:CCO or CCO-T

Is Cameco Corporation a buy or a sell?

In the last year, 19 stock analysts published opinions about CCO-T. 9 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cameco Corporation.

Is Cameco Corporation a good investment or a top pick?

Cameco Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Cameco Corporation.

Why is Cameco Corporation stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cameco Corporation worth watching?

19 stock analysts on Stockchase covered Cameco Corporation In the last year. It is a trending stock that is worth watching.

What is Cameco Corporation stock price?

On 2022-01-21, Cameco Corporation (CCO-T) stock closed at a price of $25.38.

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