Cameco Q3 Earnings: A Mixed Bag
When it comes to the retail investor, few sectors have as rabid a following as the uranium sector.
And the leader of that sector, at least in terms of the Canadian market, is Cameco Corp (TSX: CCO), who reported their third quarter results on November 7. And if there were ever someone looking for the definition of a “mixed bag of results,” well, there would be no better definition than Cameco’s Q3 results.
They managed to miss analysts estimates, but they’re raising the dividend. Production at their Inkai JV is down, but the overall production outlook has been raised. Net earnings are down but Adjusted EBITDA is up. They’re all over the place performance wise.
Anyways. We’re finally getting caught up on our earnings coverage, and this is a big one.
Lets dive in.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
