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Cameco Corporation (CCO) is facing a mixed outlook among analysts, with most agreeing on the long-term potential of uranium as a clean energy source. Recent reviews indicate that the stock has pulled back significantly after reaching highs in the past months, and while there are positive signals regarding the nuclear sector's recovery, caution is advised regarding current purchases. Analysts note that while uranium prices are expected to rise, investor sentiment remains sensitive to geopolitical factors, such as the Russian situation and its impact on uranium supply. Furthermore, the valuation of CCO is criticized as being high relative to earnings, with many experts suggesting that it is best to wait for a more attractive entry point. Overall, while the long-term prospects for nuclear power look promising, the short-term scenario suggests a need for a careful approach in trading CCO, with various analysts expressing concerns over its current pricing and volatility.
He and his team are secular bulls on the nuclear renaissance. Cheap and clean. Has second-largest stock of uranium in the world. Utilities that buy uranium are like deer in the headlights right now on uncertainty of whether Washington will broker a truce with Russia on Ukraine, bringing Russian uranium back online.
CCO has had three broker target price downgrades in April. In addition, the uranium sector has been weak as investors consider whether Russian exports will be allowed to resume if there is some resolution to the Ukraine War.
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Came off quite significantly between December and March. Previous high was ~$85; the 50% retracement takes us to $72.50. This is where we saw some resistance in early February. Hard to say if it would get to $80. Usually, if there's a move in a stock, the countermove can often be about half of that.
Best way to participate in Uranium them. Believes Uranium prices will continue to rise. Recent weakness in Uranium prices has created buying opportunity. Owns large portion of Westinghouse - manufacture of nuclear related assets. Excellent growth prospects. Dividend continues to rise with earnings. Capital discipline with strong balance sheet.
Technical structure has been very strong. 200-day MA trending higher. Stock's trading right at that 200-day, which could provide support. Fell off on the DeepSeek buzz (if not as much energy is needed, maybe not as much uranium is needed either) -- quite a stretch. Long term, makes a lot of sense. Expensive valuation.
His firm is doing some research on nuclear power and electricity generators. Hasn't pulled the trigger yet. Likes the idea of data centres driving change in electricity demand.
He's playing it from the upstream angle with CCO, the biggest publicly owned pure-play uranium company. Still likes it.
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
In the last year, 25 stock analysts published opinions about CCO-T. 17 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cameco Corporation.
Cameco Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Cameco Corporation.
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.
25 stock analysts on Stockchase covered Cameco Corporation In the last year. It is a trending stock that is worth watching.
On 2025-05-05, Cameco Corporation (CCO-T) stock closed at a price of $64.54.
Think of it as a core position in a Canadian context. Uranium has really come into its own. Outside of speculative companies, is the best low-cost producer. Nuclear servicing via Westinghouse purchase. Not something you need to jump into with both feet today.