BUY ON WEAKNESS
Cameco Corporation

The long term uranium contracting prices are very robust. It is expensive at 35 X 2024 earnings but the growth rate is 56% so the price to growth is still good.

integrated mines
BUY
Cameco Corporation

Ukraine war has brought about a complete 180 change in the uranium market. Prices have increased. Good things in store, should triple EPS this year. PE looking forward looks sensible. Westinghouse venture is smart.

integrated mines
TOP PICK
Cameco Corporation

Chart shows a very powerful pattern in technical analysis. Bumped up against resistance 3 times. Lows are going higher, which means that investors have been buying more aggressively each time. The leader, pushing higher. Fundamental reasons for that push. No dividend.

(Analysts’ price target is $48.10)
integrated mines
BUY
Cameco Corporation
CCO vs. NXE

Two very different beasts in the same industry. NXE will probably have the next project built in Canada. CCO is the granddaddy of traditional mining. Buy NXE if you're looking for the rerate, but with it comes risk. Doesn't see an issue getting fully financed, but then comes execution. Track record for things going according to plan is not great for mining. 

CCO is your best way to get exposure to uranium, which is undergoing a renaissance. Predictability, bit of a dividend, real upside from today's uranium price.

integrated mines
BUY
Cameco Corporation

Interesting, because the world is looking at nuclear power again, so Cameco can benefit. Cameco signed a deal with Brookfield to manage nuclear businesses--they're diversify, which is good. Will benefit from trend for smaller nuclear plants.

integrated mines
BUY ON WEAKNESS
Cameco Corporation

Uranium is a good transition fuel.
Believes business prospects good (short term).
Long term prospects for business not as good (renewables better option).

integrated mines
DON'T BUY
Cameco Corporation

View on uranium has totally changed over the last couple of years. Energy transition is very difficult to do without something like uranium. Spot pricing probably less volatile than oil or gas. From time to time, disappoints on the quarter. Westinghouse servicing component gives them more vertical integration and cashflow stability, lowers risk profile. Go-to name, but valuation has come up so he's leery.

integrated mines
BUY
Cameco Corporation
It's going to do well because uranium is going to do well. Interesting, because recent Westinghouse acquisition will smooth some of the volatility of uranium, gives them more of a consulting business.
integrated mines
COMMENT
Cameco Corporation
Likes company and owns shares in company. Believes company will have strong growth going forward. Uranium mine in Saskatchewan set to be put back online (will double production). Global demand for Uranium rising. Recent announcement to buy Western House nuclear reactor very positive. Global ESG investors also buying shares.
integrated mines
BUY
Cameco Corporation
Likes company and owns shares in company. Believes company will have strong growth going forward. Uranium mine in Saskatchewan set to be put back online (will double production). Global demand for Uranium rising. Recent announcement to buy Western House nuclear reactor very positive. Global ESG investors also buying shares.
integrated mines
BUY ON WEAKNESS
Cameco Corporation
Now in the markup phase, so if we're seeing signs of a bigger commodity cycle taking hold, then we're likely in the early stages and could have more upside. November and December historically strong seasonally for CCO. You can use softness over the coming months to add exposure.
integrated mines
BUY
Cameco Corporation
Should be doing better than it is. Uranium should be doing extraordinarily well. Best way to generate reliable power that isn't going to run out anytime soon. Nuclear is the intelligent, reasonable option. Wind and solar are just not reliable. Nuclear has become safer. Should do well medium-long term.
integrated mines
BUY
Cameco Corporation
Their order book continues to grow. Demand for nuclear power is growing. However, their Q3 was mixed and CCO is trading at a high 45x 2024. AlIt had a huge move in a tough market. He models 104% EPS growth. A good share price now.
integrated mines
TRADE
Cameco Corporation
Owns some based on both aggressive and conservative models. Is in an uptrend but swings a lot. He trades in and out and may add to it. Look at the 5 and 10 year charts.
integrated mines
BUY ON WEAKNESS
Cameco Corporation
Dominant player, very well run, phenomenal assets. Good one if you want exposure to the space. Negative reaction to Westinghouse deal, but it gives them another pillar and a stable service side to their business, an operational benefit. Always worried about secondary supply of uranium that keeps a lid on prices. A green energy option. Wait for pullback, prices are very volatile.
integrated mines
Showing 1 to 15 of 984 entries

Cameco Corporation(CCO-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 20

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

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. 20 analysts recommended to BUY the stock. 3 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 2023-06-09, Cameco Corporation (CCO-T) stock closed at a price of $41.05.