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TSE:CCO

Cameco Corporation (CCO.TO)

151.07
+0.61 (0.41%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
282 watching
0
BUY ON WEAKNESS
He is looking to add to it on weakness. We have to go back to nuclear. China is building new plants and India is beginning in their schedule. This is a five to ten year investment.
TOP PICK
One of the largest uranium producer in the world. As the world decarbonizes, nuclear power will come to the forefront as a high quality alternative. The smart environmentalists are embracing it. There are a number of new reactors being built that will increase demand. (Analysts’ price target is $23.42)
BUY
Largest uranium play in the world. A patience play where some times the stock does not do well, and others it does very well. Recently hit new highs. There is a long term transition away from fossil fuels to alternative energy. Nuclear will be an option. Outlook is favourable.
DON'T BUY
Has always been wary. Price of uranium is not only based on supply/demand, but also politics. Cigar Lake has had its problems. Stock looks expensive. He wouldn't participate, but others are true believers in nuclear energy.
DON'T BUY
Many countries are decreasing their uranium footprint. Uranium prices have been slow to recover. Severe consequences of accidents offset any clean energy benefits. She prefers solar, wind, hydro.
TOP PICK
We are moving into a period when there has been very little new uranium mines and contracts are coming up for renewal. There are 55 reactors under construction around the world. Eventually supply constraints will catch up. (Analysts’ price target is $186.67)
DON'T BUY

You don't get new production coming in until $50-60 a lb for the commodity. The valuation for CCO-T is a little rich, though. He would rather play U-T to play the commodity directly. He likes Uranium but would take U-T over CCO-T.

HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Raymond James raised its target from $17 to $20. There is no news to account for the drop today. It is important to note that it is down less than 3% after running up 48% yoy. Unlock Premium - Try 5i Free

TOP PICK
He's bought and sold this at a profit. It's broken out in recent weeks. Carries almost no debt. It's profitable, even at the bottom of the cycle. The uranium market should rise from $30 to $40/lb. He expects the ESG wave to hit Cameco, but Cameco offers carbon-free energy through nuclear energy. This could make a $1 billion a year. (Analysts’ price target is $17.24)
DON'T BUY
Has always been wary of uranium. It is a highly politicized material and is subject to many factors. Generally a space that is hard to read. It is always just over the horizon.
DON'T BUY
A materials company that he is not excited on. Has shorted this. A call on valuation and volatility. Not a lot of return on equity, expensive on EBITA basis, and no compelling reason to hold it. Uranium is a tougher market. Nuclear has not profited from the clean energy movement.
PAST TOP PICK
(A Top Pick Jun 14/19, Up 9%) It has recovered from a valley it hit during March. They didn't add it back when it dropped since there were so many other good opportunities.
WATCH

Uranium Sector. Has the bull started running? His proxy is CCO-T. If there is a bullish case for Uranium, the analysts have not heard it. U-T is up 66% so had had quite a move. He hopes the analysts will get the same message he is about the outlook for uranium.

DON'T BUY
Trump's decision to support U.S. uranium--effect on Cameco? It won't matter. The U.S. barely has any uranium. CCO is the second-best uranium company in the world. It's stable and transparent. But uranium's outlook given a global slowdown and lack of Japanese demand is cloudy. Also, this is HIGHLY volatile. Good for options traders, which he is not.
WAIT

The only thing to look at is uranium prices. Until prices take off, stay on the sidelines. If prices take off, first go-to is the Uranium Participation Corp. Then come back to Cameco after that. Need a break above $6 before he'd be interested.

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