Cameco Corporation (CCO.TO)
Energy · TOR · Canada
Fundamentals
Valuation and ratings
Cameco Corporation trades at CAD123.87, which is 54% above the CAD57.37 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 59 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 80.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CCO.TO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2025 | CAD0.240 | 1 |
| 2024 | CAD0.160 | 1 |
| 2023 | CAD0.120 | 1 |
| 2022 | CAD0.120 | 1 |
| 2021 | CAD0.080 | 1 |
| 2020 | CAD0.080 | 1 |
| 2019 | CAD0.080 | 1 |
| 2018 | CAD0.080 | 1 |
| 2017 | CAD0.400 | 4 |
| 2016 | CAD0.400 | 4 |
| 2015 | CAD0.400 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CCO.TO earnings and analyst estimates
Recommendation mix, 25 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Cameco Corporation
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
CCO.TO passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Cameco Corporation (CCO.TO) undervalued?
Against our discounted cash flow estimate of CAD57.37, CCO.TO at CAD123.87 is 54% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is CCO.TO's P/E ratio?
CCO.TO trades at 80.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Cameco Corporation (CCO.TO) pay a dividend?
Yes. Cameco Corporation yields 0.20% at the current share price. It has paid CAD0.240 per share over the trailing twelve months. It has paid a dividend in each of the last 31 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does CCO.TO report earnings next?
Cameco Corporation is scheduled to report on 31 Jul 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.