Cameco Corporation

CCO-T

TSE:CCO

14.96
0.39 (2.68%)
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
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Analysis and Opinions about CCO-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
July 18, 2019
They've tried to pull back production. Whole industry is doing the same to try to boost the price. Price now gives you a very interesting risk/reward. Once the market tightens, stock has a lot of upside, but you need to be patient. Not much of a dividend. Small weighting of 1-2%.
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They've tried to pull back production. Whole industry is doing the same to try to boost the price. Price now gives you a very interesting risk/reward. Once the market tightens, stock has a lot of upside, but you need to be patient. Not much of a dividend. Small weighting of 1-2%.
BUY
BUY
July 8, 2019
It's traded sideways for five years, because uranium prices have been flat. However, China is building many nuclear reactors, so this should rise. Buy and hold long-term.
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It's traded sideways for five years, because uranium prices have been flat. However, China is building many nuclear reactors, so this should rise. Buy and hold long-term.
DON'T BUY
DON'T BUY
June 27, 2019
Really tough commodity to have. Not sure why you'd want to. If you really want to own a commodity, look at iron ore or copper. You want to be in those commodities where supply is shrinking.
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Really tough commodity to have. Not sure why you'd want to. If you really want to own a commodity, look at iron ore or copper. You want to be in those commodities where supply is shrinking.
TOP PICK
TOP PICK
June 14, 2019
A unique story. Closed their mine to buy on the spot market to deliver into their contracts. Cleaned up inventory. Given time, they hope to move the spot market. Yield is 0.58%. (Analysts’ price target is $17.73)
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A unique story. Closed their mine to buy on the spot market to deliver into their contracts. Cleaned up inventory. Given time, they hope to move the spot market. Yield is 0.58%. (Analysts’ price target is $17.73)
COMMENT
COMMENT
May 16, 2019
This is a tricky one. Nuclear is a grey area because it is a low carbon energy. Environmentalists are up in arms about nuclear waste. From a financial point he finds plants are very expensive and often go over budget and lock us into an infrastructure for 60 years. You can't generate the energy near where it is consumed so you have high infrastructure costs for transmission. He also does not like commodities. He thinks renewable energy may out-compete nuclear. As batteries get cheaper, renewable gets cheaper than nuclear and transmission lines. This company is excluded from a lot of socially responsible definitions.
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This is a tricky one. Nuclear is a grey area because it is a low carbon energy. Environmentalists are up in arms about nuclear waste. From a financial point he finds plants are very expensive and often go over budget and lock us into an infrastructure for 60 years. You can't generate the energy near where it is consumed so you have high infrastructure costs for transmission. He also does not like commodities. He thinks renewable energy may out-compete nuclear. As batteries get cheaper, renewable gets cheaper than nuclear and transmission lines. This company is excluded from a lot of socially responsible definitions.
COMMENT
COMMENT
May 15, 2019
Strong seasonality for uranium stocks at the end of the year. He's been watching CCO, but it weakens whenever he wants to recommend it. $12 is a level to watch.
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Strong seasonality for uranium stocks at the end of the year. He's been watching CCO, but it weakens whenever he wants to recommend it. $12 is a level to watch.
DON'T BUY
DON'T BUY
May 1, 2019
He would be careful as a number of their properties are currently shut down. Uranium is one of the hardest metals to predict, because there are so many politics wrapped around the metal. He would not be investing here.
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He would be careful as a number of their properties are currently shut down. Uranium is one of the hardest metals to predict, because there are so many politics wrapped around the metal. He would not be investing here.
COMMENT
COMMENT
April 23, 2019
The uranium sector. He's watching Cameco, but it's too expensive for him and have too many problems. They will probably win their Japanese lawsuit, but close their major operation in Saskatchewan, costing them $7/month. Uranium will have its day in the sun.
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The uranium sector. He's watching Cameco, but it's too expensive for him and have too many problems. They will probably win their Japanese lawsuit, but close their major operation in Saskatchewan, costing them $7/month. Uranium will have its day in the sun.
PARTIAL BUY
PARTIAL BUY
April 9, 2019
The chart shows higher highs and lows. It's been in an uptrend, so buy a half position now, then buy more as it breaks $18-19. Average up.
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The chart shows higher highs and lows. It's been in an uptrend, so buy a half position now, then buy more as it breaks $18-19. Average up.
TOP PICK
TOP PICK
April 8, 2019
Over the next three years as Japan turns reactors back on and China continues to build them, demand will come back. Reactors tend to carry 3-5 years of inventory on site. He thinks they will re-establish themselves and demand will come back. (Analysts’ price target is $18.13)
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Over the next three years as Japan turns reactors back on and China continues to build them, demand will come back. Reactors tend to carry 3-5 years of inventory on site. He thinks they will re-establish themselves and demand will come back. (Analysts’ price target is $18.13)
DON'T BUY
DON'T BUY
February 19, 2019
They won the first round against the Canadian government over a tax issue and they may win the second. They also have litigation in Japan that they will likely win. Uranium prices are doing better than better. He likes CCO but it's too expensive right now. It's a contrarian play for sure.
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Cameco Corporation (CCO-T)
February 19, 2019
They won the first round against the Canadian government over a tax issue and they may win the second. They also have litigation in Japan that they will likely win. Uranium prices are doing better than better. He likes CCO but it's too expensive right now. It's a contrarian play for sure.
HOLD
HOLD
February 7, 2019
There is secular growth and they are cyclical. We are starting to make a turn. We are seeing good risk/reward in this area. He would be buying it here. He bought an EFT in the area just this week.
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Cameco Corporation (CCO-T)
February 7, 2019
There is secular growth and they are cyclical. We are starting to make a turn. We are seeing good risk/reward in this area. He would be buying it here. He bought an EFT in the area just this week.
DON'T BUY
DON'T BUY
October 24, 2018

He's wary of uranium, difficult to determine supply and demand given the politics. Uranium prices have been struggling for years. Pays a small dividend and yield. The stock price won't rise for a long time.

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Cameco Corporation (CCO-T)
October 24, 2018

He's wary of uranium, difficult to determine supply and demand given the politics. Uranium prices have been struggling for years. Pays a small dividend and yield. The stock price won't rise for a long time.

TOP PICK
TOP PICK
October 18, 2018

Company he has known for a long time. Played the last uranium cycle very successfully with it. The cycle was aborted by the Fukushima disaster. There are 54 new nuclear reactors being constructed. 10% growth on 450 running. Over 150 being planned. He thinks uranium price will go back from the mid-20s to 45-50 dollars range. Dividend yield is 2.64%.

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Cameco Corporation (CCO-T)
October 18, 2018

Company he has known for a long time. Played the last uranium cycle very successfully with it. The cycle was aborted by the Fukushima disaster. There are 54 new nuclear reactors being constructed. 10% growth on 450 running. Over 150 being planned. He thinks uranium price will go back from the mid-20s to 45-50 dollars range. Dividend yield is 2.64%.

HOLD
HOLD
October 12, 2018

Uranium stocks are cheap on a price to book basis, he thinks. The issue now is when will new long term contracts come in? When will the Japanese come back? Nor are we hearing of any rumours of new contracts. It is hard to see a positive outlook. He would continue to hold.

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Cameco Corporation (CCO-T)
October 12, 2018

Uranium stocks are cheap on a price to book basis, he thinks. The issue now is when will new long term contracts come in? When will the Japanese come back? Nor are we hearing of any rumours of new contracts. It is hard to see a positive outlook. He would continue to hold.

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