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Investor Insights

This summary was created by AI, based on 39 opinions in the last 12 months.

Experts have mixed opinions about Cameco Corporation. Some believe that it has had a spectacular run and is a good buy on pullback, while others consider it to be too expensive and caution against buying at high prices. There are concerns about the long lead time for nuclear plants and the unpredictability of uranium prices. Overall, the stock has seen a significant rise and investors are advised to carefully consider the potential risks and rewards.

Consensus
Mixed
Valuation
Fair value
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
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
Showing 1 to 15 of 1,017 entries

Cameco Corporation(CCO-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 23

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 34

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, 34 stock analysts published opinions about CCO-T. 23 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?

34 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 2024-03-27, Cameco Corporation (CCO-T) stock closed at a price of $57.95.