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Investor Insights

This summary was created by AI, based on 40 opinions in the last 12 months.

The consensus among the experts seems to be that Cameco Corporation (CCO-T) is experiencing a surge in its stock price due to the global renaissance of nuclear energy. The company is one of the largest uranium producers, and its acquisition of Westinghouse has been viewed positively. However, opinions are divided on the stock's valuation, with some experts highlighting its high price and others pointing to the potential for future earnings growth. Overall, the uranium sector is seen as having strong potential, but there are concerns about the unpredictable nature of commodity prices and the long lead times for completing nuclear projects.

Consensus
Positive
Valuation
Overvalued
TOP PICK
Cameco Corporation

Large share run up lately with a recent dip a good time to buy. Owns shares in portfolio. One of the World's largest Uranium reserve deposits. Benefiting from higher Uranium prices - expecting ~30% earnings growth. Rising Nuclear demand in North America will be good for the business. Recent M&A is proving to be fruitful as well. 

integrated mines
HOLD
Cameco Corporation

Uranium production very sensitive to Russian instability. As a result, high prices have been good for business. Would recommend holding for the long term. Stock full valued at this time. Would buy around $60/share. 

integrated mines
DON'T BUY
Cameco Corporation

The question asked for his preference between Cameco and Denison. Uranium is up and momentum is with them but he wouldn't buy them. New nuclear projects are ten years away for development. Denison has a new mine in Saskatchewan but it is a 10 year project. Cameco trades at 30 times revenue.

integrated mines
TOP PICK
Cameco Corporation
Wouldn't more $$ be made if stock was just held since 2021, without trading?

One of the few he's held since 2021, with intermittent trading. He got back in after a consolidation in 2023. He's been living through the volatility without worrying too much. Trend is up, momentum is good, and the story is good. Huge demand on power grid coming from AI, and nuclear is the only solution. Yield is 0.2%.

He has the evidence to show that he's made more by picking entry and exit points in a trading range. He gives stocks the benefit of the doubt, and only sells if a rounding over continues. He's not concerned about the recent rounding over, as he can see the $60 support level on the chart.

(Analysts’ price target is $77.54)
integrated mines
BUY
Cameco Corporation
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

For a direct investment, we would consider CCO fine and likely the safest. There are smaller exploration companies, developers and companies involved in building facilities. One can also invest in uranium ETFs that hold the metal directly. But we think CCO provides the easiest stock exposure for exposure to the sector. 
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integrated mines
WAIT
Cameco Corporation

Clear leader, demand is going up around the world. Generally, shift to cleaner energy over time. Oil prices have been moving higher based on geopolitical pressures and stronger demand than expected. Likes the space. Long-term contracts. High valuation right now, expensive. He owns just a smattering.

integrated mines
SELL
Cameco Corporation

Rather than try to predict the future of commodity prices, which is difficult, his firm tries to prepare for various outcomes. Has done extremely well, driven by high price of the commodity, which is at highest level since 2007. One of the world's largest producers, operates globally. Also owns 49% of Westinghouse.

Likes its assets, which are in good geopolitical jurisdictions, a real advantage. Main competition is in Kazakhstan, which comes with complications.

However, current valuation of 40x PE is very expensive. Trailing earnings is 80x. No dividend. Take money off the table and invest where there's more upside.

integrated mines
TOP PICK
Cameco Corporation

One of the world's largest producers of uranium, essentially a pure play. One of a very small number of public companies in the space. Stable source. Uranium markets are very tight. Earnings up 134%, expected to rise again this year and next. Perfect fit for a momentum portfolio. Change in prevailing view on nuclear energy. Westinghouse acquisition is the icing on the cake. Yield is 0.2%.

(Analysts’ price target is $73.71)
integrated mines
BUY ON WEAKNESS
Cameco Corporation

They had a spectacular run for the last two years. He rode this, but now the whole world is on this. Shares are pulling back, because nuclear plants take a long, long time to complete. With the price of uranium, countries and companies need to build new mines and these take time. Buy on pullback but only partially. He expects lower prices ahead.

integrated mines
BUY ON WEAKNESS
Cameco Corporation

They had a spectacular run for the last two years. He rode this, but now the whole world is on this. Shares are pulling back, because nuclear plants take a long, long time to complete. With the price of uranium, countries and companies need to build new mines and these take time. Buy on pullback but only partially. He expects lower prices ahead.

integrated mines
BUY
Cameco Corporation

A go-to name in the energy renaissance in NA. Expensive at 27x 2025 earnings. Modelling 40% EPS growth. A good name. Probably in Buy territory on the 200-day MA. A buy on fundamentals.

integrated mines
Unspecified
Cameco Corporation

He feels it is too expensive and could easily come off even with increasing uranium prices. It could make $3 billion in the next 5 to 7 years but the market cap is 23 billion. Has 1 1/2 billion in assets now. He moved their uranium holdings to Denison for production in two years without the volatility of Cameco.

integrated mines
DON'T BUY
Cameco Corporation

When Russia invaded Ukraine there were fears of an energy shortage and a drive for nuclear power, despite its long lead time to build these plants. That catalyst pushed CCO shares up; the easy money has been made.  Shares are too high now.

integrated mines
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It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Cameco Corporation

Only last October did Cameco surpass its long-standing peak set in May 2007. Now, money has rushed in and pumped up shares. Also, Cameco's EPS missed two of its last four quarters. True, cash flow is healthy and the PE is 67x, far below its median average of 93.67x. At the end of the day, uranium is a commodity, making it subject to price swings; it started 2024 at US$85.34, topped US$106 in early February and fell back to US$95 to begin March. Further, the hard run-up in CCO shares makes us cautious. Consider this a risky buy or a buy on weakness.

integrated mines
HOLD
Cameco Corporation

Has owned for a long time, rare for him. Consolidating right now. Might see more yo-yo action, but picture is good so far. As long as it doesn't truly break down, he'll stay in. Not a bad point to buy, but may tread water a while.

integrated mines
Showing 1 to 15 of 1,025 entries

Cameco Corporation(CCO-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 18

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 8

Total Signals / Votes : 31

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, 31 stock analysts published opinions about CCO-T. 18 analysts recommended to BUY the stock. 8 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?

31 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 2024-07-22, Cameco Corporation (CCO-T) stock closed at a price of $65.48.