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Investor Insights

This summary was created by AI, based on 31 opinions in the last 12 months.

The experts have mixed opinions about Cameco Corporation (CCO-T). While some see it as a strong player in the uranium sector with room for growth, others are concerned about its valuation and unpredictability of uranium prices. The company has faced difficulties in mining uranium, but the recent surge in uranium prices has led to a significant run-up in its stock. The consensus seems to be that there are both positive and negative factors at play, making it a stock with mixed potential.

Consensus
Mixed
Valuation
Fair Value
PARTIAL BUY
Cameco Corporation

It just broke its previous 2007 high. CCO is at the heart of the current energy transition. Little uranium will come on stream in the next 5 years. So, there's a built-in glut. If you have a strong profit, sell half, but hold this long term. Expect volatility in all uranium.

integrated mines
BUY ON WEAKNESS
Cameco Corporation

Uranium sector off to a strong start in 2024. Contractual commitments a concern due to rising spot price (not maximizing revenue). Quesiton is whether production can be increased in Saskatchewan. Nuclear power trend moving in the right direction. Small modular reactors a promising development (new market for company). Recently sold on stock price strength. Would wait for weakness in shares before buying. Fundamentals look good.

integrated mines
BUY ON WEAKNESS
Cameco Corporation

Renaissance for nuclear energy. Lots of positive sentiment. With Westinghouse, changed business mix a bit, no longer as sensitive to uranium commodity price. Also gives them some servicing revenues. Likes the strategy. Revenue growth quite strong, cashflow strong. 

Valuation still too high, he's wary. Hot sector, a lot of money's rushed in. Buy on weakness.

integrated mines
HOLD
Cameco Corporation

Does not own shares in Uranium. Unsure on future of nuclear demand. Stigma is that nuclear energy is risky. Would prefer investing in oil/gas stocks. 

integrated mines
BUY
Cameco Corporation

He likes uranium in the materials space and nuclear energy as a power source. It was the first in the materials sector to make a new high when materials turned higher. It is a big producer and recently exceeded its all time high. Earnings should be up a lot. He owns BWX Technologies (BWXT). It has been building small nuclear reactors for decades for the U.S. military and running them safely. It is now getting them commercialized and working with Ontario Power.

integrated mines
BUY
Cameco Corporation

If not the best, one of the very-best-performing commodity stocks in Canada. With the Russia-Ukraine conflict, Canadian uranium's at a premium. Canadian uranium good, Russian uranium bad. Likes nuclear power, low on greenhouse gases, reliable, doesn't depend on wind or sun.

integrated mines
BUY
Cameco Corporation
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We think the uranium sector does still have room to run, and CCO is seen as the large cap 'go to' stock for global investors within the sector. It's not perfect (investors don't like its hedging programs) and not cheap on valuation, but EPS could potentially double this year and with good momentum in the sector it probably does go higher. 
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integrated mines
BUY
Cameco Corporation

Closed Westinghouse joint venture with BEP.UN. Now fully integrated with designing, building, and maintaining nuclear reactors. Two world-class uranium mines in Canada, production will increase next year. Uranium price has popped. Tailwinds to earnings, more upside. Benefits from ESG.

integrated mines
DON'T BUY
Cameco Corporation

Inability to predict Uranium prices makes business hard to value. Returns on capital are choppy. Not an asset light business. Capex very high. Resource based company, so would avoid. Better options available for investors. 

integrated mines
WEAK BUY
Cameco Corporation

It's run up 85% this year because uranium prices have soared.  CCO mines difficult terrain, so mining it is expensive. There's more demand than supply for uranium now. But commodity prices are unpredictable and CCO has had a huge run up.

integrated mines
DON'T BUY
Cameco Corporation

Reported strong earnings yesterday. Has good assets in fine jurisdictions, but that isn't adding to their profitability, which lags the market. Also, shares have run up.

integrated mines
BUY
Cameco Corporation

This sector is on fire. CCO does well in September through the new year. The world's nuclear conference happens in September, then buys happen after. CCO earnings are greatest in Q1, because the deals are made in Q4. Great earnings today. Costs are declining as uranium prices rise. Everything is working for them. The stock has broke out this year, no question. Has price momentum. There's nothing bad to say about CCO.

integrated mines
DON'T BUY
Cameco Corporation

He bought at $12 and sold at a profit.. He forecasts 17% downside. It's at its valuation high. The risk/reward isn't there.

integrated mines
HOLD
Cameco Corporation

Great assets with strong business. Looking at smaller Uranium producers instead. Good for defensive investors. 

integrated mines
BUY
Cameco Corporation

Biggest pure play on uranium. Bullish on uranium, as it's getting a rethink. Short-term supply is tight, prices are high. A bigger and better company than in past. Increasingly being added to ESG portfolios.

integrated mines
Showing 1 to 15 of 1,010 entries

Cameco Corporation(CCO-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 20

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 30

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, 30 stock analysts published opinions about CCO-T. 20 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.

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?

30 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 2024-02-23, Cameco Corporation (CCO-T) stock closed at a price of $54.27.