Why Cameco Stock Dropped Today
Shares of Cameco (NYSE: CCJ), the Canadian uranium mining company, tumbled 3.8% through 12:35 p.m. ET Thursday despite breezing past earnings forecasts this morning.
Analysts forecast Cameco would earn $0.52 per share in Canadian dollars in Q2, but the company actually earned C$0.71 -- more than five times last year's Q2 profit, according to The Fly. Revenue for the quarter was C$877 million.
Image source: Getty Images.
Source Fool.com
Cameco Corp. Stock
€100.36
3.210%
With 30 Buy predictions and 1 Sell predictions Cameco Corp. is one of the favorites of our community.
As a result the target price of 112 € shows a slightly positive potential of 11.6% compared to the current price of 100.36 € for Cameco Corp..
