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

TSE:CCO

29.01

1.56 (5.68%) 1d

Showing 1 to 15 of 955 entries

BUY

Allan Tong’s Discover Picks Despite these realities, nuclear is coming back and so is uranium, its essential ingredient. Cameco is the go-to stock here. U.S. President Biden announced in early June that he’s pushing for $4.3 billion plan to buy enriched uranium from domestic producers to wean the country off Vladimir Putin’s supply. On June 7, shares of Cameco soared from roughly $31.40 to $34.40. Shares peeled back over the rest of the week, but remained well above $32.50. Even prior to that, Cameco was making 52-week highs, touching $40 in mid-April, nearly double its late-January price. Cameco has momentum. Read 3 rock stars of the mineral stocks for our full analysis.

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HOLD

Lots of volatility in the space, but sees the 2-5 year trend going up. Uranium price has to clear 75 USD to incentivize production necessary for the world to continue to increase its standard of living in carbon-free electrical generation. Second-best in the world. Nice free cash. Reasonable dividend.

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BUY on WEAKNESS

uranium stocks outlook Nuclear power is one of the few ways of solving the need for non-fossil fuel energy, but these plants need 10-15 years to build. Plants in China and the Middle East are in progress. Buy this below $30 and hold 10 years. It moves over a long period of time. He targets $50-60 in 3-5 years. Could be volatile short term.

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PAST TOP PICK

(A Top Pick Feb 08/21, Up 42%) Uranium facing a supply shortage, which creates a large opportunity. Shift back to nuclear power is raising demand. Has recently sold position as stock price was too high. If share price falls to ~$20, will buy again.

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SELL

Overshot on valuation. Sold recently. Uranium price went up, but the next move needs demand in the market to move the price higher. Commodity prices will stall for the time being. If the valuation and commodity price were favourable, he'd revisit.

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PAST TOP PICK

(A Top Pick Dec 15/20, Up 61%) Stock got way ahead of the commodity price, and the commodity price might stall out. It could be really volatile. Hopefully, the supply and demand will line up at a point in the future.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock moved up 10% on good revenues and earnings. The latest quarter beat estimates. Dividends were increased by 50%. EPS beat significantly. Can buy it today. Unlock Premium - Try 5i Free

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BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock is down roughly 30% since highs. However, no real news has been reported. It broke their 200-day moving average, that could have brought out more sellers. Comfortable buying here. Unlock Premium - Try 5i Free

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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.

integrated mines

Showing 1 to 15 of 955 entries

Cameco Corporation(CCO-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 23

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, 23 stock analysts published opinions about CCO-T. 15 analysts recommended to BUY the stock. 4 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?

23 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 2022-06-24, Cameco Corporation (CCO-T) stock closed at a price of $29.01.

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