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
€64.27
-1.910%
With 20 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 69 € shows a slightly positive potential of 7.36% compared to the current price of 64.27 € for Cameco Corp..
