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Company News

BUZZ-Cameco Corp: at 52-wk low on surprise Q3 loss

** Uranium miner’s shares down after posting a surprise Q3 adjusted loss and lowers FY production guidance

** Cameco fall nearly 13 pct to more-than-a-year-low of C$9.90; among top losers on the TSX

** Q3 adj. loss of C$0.13 vs. TR I/B/E/S estimates of a gain of C$0.05, missing estimates for fourth straight quarter

** Cameco already lowered guidance a few times, but still managed to disappoint, says Cantor Fitzgerald analyst Rob Chang

** Up to Thursday’s close, stock had fallen ~68 pct since the Fukushima disaster in 2011 which caused global uranium prices to sink (Reporting by Anirban Paul in Bengaluru)

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