Movement Alert｜Cameco Falls 4.01% in Regular Trading, Weak Q3 Results and Uranium Sector Selling Pressure Weigh on Shares

Market Focus11-12 23:04

On November 12, Cameco fell 4.01% in Regular Trading, trading at $71.805 per share, with turnover of $29.0094 million. The move coincided with renewed weakness across uranium-related stocks after the market continued to digest the company’s softer-than-expected third-quarter results.

Cameco’s latest quarterly report showed revenue of CA$619 million, up 0.7% year over year but below market expectations, while adjusted EPS was CA$0.00, missing consensus by CA$0.27. Reported diluted EPS was CA$0.10 versus analysts’ expectation of CA$0.30, and revenue also trailed estimates near CA$748 million to CA$768 million. The company narrowed its uranium sales and delivery outlook to 29.5 million-30.5 million pounds and adjusted its production share guidance to 19.5 million-20.5 million pounds.

Sector sentiment was also weak, with Centrus falling 4.92%, Energy Fuels falling 4.11%, Uranium falling 4.58%, Denison Mines falling 3.21%, and Nexgen Energy Ltd. falling 4.45%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment