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
DON'T BUY
DON'T BUY
April 11, 2017

Doesn’t know what the catalysts are going to be to move it up, other than it just getting so cheap that it would reach the point of capitulation and so cheap that people would start to buy it. They still have the CRA overhang, which should probably be resolved later this year.

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Doesn’t know what the catalysts are going to be to move it up, other than it just getting so cheap that it would reach the point of capitulation and so cheap that people would start to buy it. They still have the CRA overhang, which should probably be resolved later this year.

TOP PICK
TOP PICK
April 5, 2017

The real game changer in his view was when the OPEC cartel opted to take about 2 million barrels a day of global oil supply off the market to support prices. The Kazakhstan state owned mining company who controlled 30% of the global uranium supply, curtailed production by 10% in early January, and that immediately tightened the uranium market. The stock actually responded prior to that, so there might be some element of a Trump bump in there. Uranium prices have strengthened from $18 a pound to $23, and long-term prices are much higher. Dividend yield of 2.7%. (Analysts’ price target is $16.)

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The real game changer in his view was when the OPEC cartel opted to take about 2 million barrels a day of global oil supply off the market to support prices. The Kazakhstan state owned mining company who controlled 30% of the global uranium supply, curtailed production by 10% in early January, and that immediately tightened the uranium market. The stock actually responded prior to that, so there might be some element of a Trump bump in there. Uranium prices have strengthened from $18 a pound to $23, and long-term prices are much higher. Dividend yield of 2.7%. (Analysts’ price target is $16.)

WEAK BUY
WEAK BUY
April 3, 2017

China has a lot of plants potentially coming on line. Uranium prices took a big beating and have come back somewhat. There is a good chance they go up in the future. He does not like CCO-T enough yet to buy it. If you want to invest in this field, this is one to invest in.

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China has a lot of plants potentially coming on line. Uranium prices took a big beating and have come back somewhat. There is a good chance they go up in the future. He does not like CCO-T enough yet to buy it. If you want to invest in this field, this is one to invest in.

HOLD
HOLD
April 3, 2017

The trend line was down for a couple of years. Then it broke out. It is consolidating after the breakout. It needs some positive news.

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The trend line was down for a couple of years. Then it broke out. It is consolidating after the breakout. It needs some positive news.

DON'T BUY
DON'T BUY
March 16, 2017

They are selling to nuclear reactors, which take a long time to build and a long time to get going. The news out of Japan is certainly not constructive. He is not very positive on this. Feels natural gas is more cost effective, and is available in abundance.

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They are selling to nuclear reactors, which take a long time to build and a long time to get going. The news out of Japan is certainly not constructive. He is not very positive on this. Feels natural gas is more cost effective, and is available in abundance.

DON'T BUY
DON'T BUY
March 13, 2017

Uranium is always difficult. Every uranium company has had a difficult time earning an acceptable ROC. This has a 4% ROC, and he would have trouble justifying the price.

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Uranium is always difficult. Every uranium company has had a difficult time earning an acceptable ROC. This has a 4% ROC, and he would have trouble justifying the price.

WAIT
WAIT
March 2, 2017

The period of seasonal strength is October all the way through to January. The best months of the year are November and December. It bottomed in the month of November, ran up to January and has consolidated since. Now it is flagging. The chart is showing a consolidation pattern, nothing bullish or bearish, but it would suggest that break would be in the direction of the trend, which is higher. Wait for this to break.

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The period of seasonal strength is October all the way through to January. The best months of the year are November and December. It bottomed in the month of November, ran up to January and has consolidated since. Now it is flagging. The chart is showing a consolidation pattern, nothing bullish or bearish, but it would suggest that break would be in the direction of the trend, which is higher. Wait for this to break.

COMMENT
COMMENT
February 15, 2017

The world’s largest publicly traded uranium producer. The stock has been in a slump since the Fukushima disaster in 2011. Things started to change in advance of changes of the uranium market fundamentals last summer. Kazatomprom, Kazakhstan’s state owned mine, which owns 30% of the uranium market, decided to cut production by 10%, which will meaningfully tighten things. The price has responded. Cameco has a dispute with Canada Revenue on back taxes and transfer pricing, which is not going to go away in the next 12-18 months. They also have a dispute with the Tokyo Electric Power Company.

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Cameco Corporation (CCO-T)
February 15, 2017

The world’s largest publicly traded uranium producer. The stock has been in a slump since the Fukushima disaster in 2011. Things started to change in advance of changes of the uranium market fundamentals last summer. Kazatomprom, Kazakhstan’s state owned mine, which owns 30% of the uranium market, decided to cut production by 10%, which will meaningfully tighten things. The price has responded. Cameco has a dispute with Canada Revenue on back taxes and transfer pricing, which is not going to go away in the next 12-18 months. They also have a dispute with the Tokyo Electric Power Company.

DON'T BUY
DON'T BUY
February 2, 2017

2.9% dividend. Supply vs. demand, which dried up due to the Japanese nuclear accident. He wants to avoid it. It is not a commodity he wants to do.

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Cameco Corporation (CCO-T)
February 2, 2017

2.9% dividend. Supply vs. demand, which dried up due to the Japanese nuclear accident. He wants to avoid it. It is not a commodity he wants to do.

DON'T BUY
DON'T BUY
January 30, 2017

On uranium demand, the market is probably not going to come into balance until 2024 or so. It is hard to see how this company can do well when there is not going to be much of a lift in uranium. Expects it to be range bound for the foreseeable future in the $10-$15 range. It’s best of breed and he likes the name, but it is very hard without a resurgent in the uranium price. Doesn’t know why you would want to be a buyer of this.

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Cameco Corporation (CCO-T)
January 30, 2017

On uranium demand, the market is probably not going to come into balance until 2024 or so. It is hard to see how this company can do well when there is not going to be much of a lift in uranium. Expects it to be range bound for the foreseeable future in the $10-$15 range. It’s best of breed and he likes the name, but it is very hard without a resurgent in the uranium price. Doesn’t know why you would want to be a buyer of this.

DON'T BUY
DON'T BUY
January 19, 2017

This has a couple of problems. There is a big tax liability outstanding, which is a substantial issue. The pricing of uranium is problematic. This is world-class in terms of its resource, but he just doesn’t think there is any pricing power. Thinks it is dead money.

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Cameco Corporation (CCO-T)
January 19, 2017

This has a couple of problems. There is a big tax liability outstanding, which is a substantial issue. The pricing of uranium is problematic. This is world-class in terms of its resource, but he just doesn’t think there is any pricing power. Thinks it is dead money.

HOLD
HOLD
January 16, 2017

He was short until November when it started to turn the corner. It has taken off since then. The valuation is a bit of a challenge for him. The commodity is changing very quickly. Uranium has come off its bottom. On a price/momentum basis you could own it, but there has been a big move without knowing that cash flows will show up in the share price. Wait until earnings materialize.

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Cameco Corporation (CCO-T)
January 16, 2017

He was short until November when it started to turn the corner. It has taken off since then. The valuation is a bit of a challenge for him. The commodity is changing very quickly. Uranium has come off its bottom. On a price/momentum basis you could own it, but there has been a big move without knowing that cash flows will show up in the share price. Wait until earnings materialize.

COMMENT
COMMENT
January 11, 2017

There has recently been a rally in uranium stocks. The general impression is that uranium prices have probably troughed at the $20 spot level. There is no near term catalyst to get the prices going up. It is unprofitable at this level for mines to be producing, and mines have been shutting down. Nuclear reactors have been very slow to start up with very weak demand for uranium.

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Cameco Corporation (CCO-T)
January 11, 2017

There has recently been a rally in uranium stocks. The general impression is that uranium prices have probably troughed at the $20 spot level. There is no near term catalyst to get the prices going up. It is unprofitable at this level for mines to be producing, and mines have been shutting down. Nuclear reactors have been very slow to start up with very weak demand for uranium.

COMMENT
COMMENT
January 11, 2017

Owned this in the past, but sold it last fall. If bullish on uranium, this is one of the very, very few ways to play the trade. Physical uranium, unlike most other commodities, is restricted because it is dangerous and has uses in weapons production. This is the most liquid way to play an improving uranium market. It looks like the supply/demand balance is shifting heavily and moving closer to balance, and this company should benefit from that.

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Cameco Corporation (CCO-T)
January 11, 2017

Owned this in the past, but sold it last fall. If bullish on uranium, this is one of the very, very few ways to play the trade. Physical uranium, unlike most other commodities, is restricted because it is dangerous and has uses in weapons production. This is the most liquid way to play an improving uranium market. It looks like the supply/demand balance is shifting heavily and moving closer to balance, and this company should benefit from that.

DON'T BUY
DON'T BUY
January 5, 2017

Owned this years ago, and has no intention of buying again. The stock has done better with uranium and energy prices in general going up, but uranium is uranium. You read in the papers about 60 nuclear plants being built, but that was 6 years ago, and they are still having trouble bringing them on. He would avoid this.

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Owned this years ago, and has no intention of buying again. The stock has done better with uranium and energy prices in general going up, but uranium is uranium. You read in the papers about 60 nuclear plants being built, but that was 6 years ago, and they are still having trouble bringing them on. He would avoid this.

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