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.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Uranium Prices Sent Soaring as Investors Bet on Higher Demand, Depleting Supplies

The competition for uranium supplies among nuclear power providers has ramped up as of late,...

Tuesday, September 21, 2021, 10:57:00 AM

Cameco Shares Drop On Reported $7 Million Net Loss In Q1 2024

Cameco (TSX: CC0) has released its consolidated financial and operational results for the first quarter...

Tuesday, April 30, 2024, 08:27:47 AM

Cameco: BMO Lifts Price Target To $42 Following Positive Uranium Price Move

On March 30th, BMO Capital Markets raised their rating and 12-month price target on Cameco...

Sunday, April 3, 2022, 11:08:00 AM

Cameco Signals Production Expansion Freeze Until Uranium Prices Catch Up

Cameco Corporation (TSX: CCO) has decided to hold off on increasing production at its key...

Monday, October 14, 2024, 10:47:00 AM

Cameco Explores Collaboration With GE Hitachi To Deploy Small Modular Nuclear Reactors

Cameco (TSX: CCO) announced this morning that it has entered into a memorandum of understanding...

Wednesday, July 7, 2021, 10:33:00 AM