Revenue Update on Cameco Corporation (USA)(NYSE:CCJ)

Cameco Corporation (USA)(NYSE:CCJ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $466.00M. Analysts estimated a revenue of $563.20M. Earnings per share were $-0.14. Analysts had estimated an EPS of $0.14.

In a different note, On Jul 21, 2016, Bank of America said it Downgrades its rating on Cameco Corporation (USA). The shares have been rated ‘Neutral’ by the firm.

Cameco Corporation (USA) (CCJ) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.53% at a volume of 20,51,205. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.68. The peak price level was also seen at $9.68 while the days lowest was $9.415. Finally the shares closed at $9.43. The 52-week high of the shares is $14.79 while the 52-week low is $9.075. According to the latest information available, the market cap of the company is $3,732 M.

Cameco Corporation (Cameco) is engaged in the exploration for and the development mining refining conversion fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: Uranium fuel services and NUKEM. The uranium segment involves the exploration for mining milling purchase and sale of uranium concentrate. The fuel services segment involves the refining conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration development mining and milling activities through joint operations located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River Key Lake and Cigar Lake.

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