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.
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Source Fool.com
Cameco Corp. Stock
€95.18
1.690%
The stock is one of the favorites of our community with 30 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 86 € is below the current price of 95.18 € for Cameco Corp., so the potential is actually -9.64%.
