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
€74.09
-3.020%
The stock is one of the favorites of our community with 30 Buy predictions and 1 Sell predictions.
With a target price of 86 € there is a slightly positive potential of 16.08% for Cameco Corp. compared to the current price of 74.09 €.
