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Cameco Corporation (CCO-T) is widely recognized as a key player in the uranium sector, with many experts noting its potential due to a global resurgence in nuclear energy. The demand for nuclear power is expected to rise, particularly with increased energy needs from AI and electrification of the economy. Despite the positive long-term outlook, there are concerns regarding its current valuation and recent price pullbacks, leading to mixed recommendations from analysts. Many experts highlight the robust infrastructure and potential for profit from long-term contracts, but caution that the stock may be expensive at its current price. Overall, while some recommend a buy on pullbacks, others advocate for caution due to high valuations and current market fluctuations.
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, 12 stock analysts published opinions about CCO-T. 3 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.
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.
12 stock analysts on Stockchase covered Cameco Corporation In the last year. It is a trending stock that is worth watching.
On 2025-04-14, Cameco Corporation (CCO-T) stock closed at a price of $57.3.
Uranium stocks have been pulling back since November, before the market started to correct. Technically in the near term, they're all broken. Long-term picture is excellent. Don't add here, until you see something change for the better.