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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (54734)	2/12/2019 9:30:30 AM
From: Goose94	Read Replies (1) \| Respond to of 203399

Cameco (CCO-T) production cuts and certain price gains helped post a better-than-expected profit in its latest quarter. Cameco has been struggling for years with a sluggish market for yellowcake. Last year, it temporarily halted production at its McArthur River mine and later made the shutdown permanent as it and other producers looked to cut back on supply. The drop in supplies from Cameco and others, and some increased demand, have helped boost spot market prices by about 20 per cent since the start of 2018, but long-term orders have lagged. Cameco relied more on stockpiles because of the mine shutdown, leaving its inventories at about a third of where they were at the start of 2018. The drop in inventories and a tough outlook will mean more challenges for next year, says chief executive officer Tim Gitzel. BMO analyst Alexander Pearce says the lack of cash flow is a challenge. Still, he raised his share target to $17.50 on a strengthened balance sheet, a potential settlement with a Japanese utility and a rising uranium price. Mr. Pearce says he continues to find reasons be positive on the stock. Uranium U3O8 Futures Quotes: cmegroup.com