Cameco Price Drop Seasonal

The Financial Post reported that while the price of uranium has stabilized over the last month, shares of Cameco Corp have steadily been losing value.

BMO Capital Markets analyst, Edward Sterck is not too concerned about the price drop, citing seasonal demand as the cause.

As Cameco’s sales schedule is typically set before the end of September, a reiteration of annual [sales] guidance with Q3 results provides comfort and this is reflected in an increasing share price over the fourth quarter.

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