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Cameco's stock dropped after a profitless quarter and mine output cuts, despite mixed analyst views and a strong consensus Buy rating.
Royal Bank of Canada downgraded Cameco to Hold and cut its price target to C$150, while other firms raised targets amid mixed analyst sentiment.
The uranium producer reported zero earnings for the quarter, with revenue of C$614.56 million, and reduced output at its McArthur River mine due to weak prices, instead buying uranium on the spot market to meet contracts.
The stock fell to C$121.00 on Thursday, with below-average volume.
Despite a high P/E ratio of 100 and low return on equity, analysts remain generally positive, with a consensus "Buy" rating and a target price of C$141.08.
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Las acciones de Cameco cayeron después de un trimestre sin ganancias y los recortes de producción de la mina, a pesar de las opiniones mixtas de los analistas y un fuerte consenso Buy rating.