Cameco Falls as Profit Lags Estimates Amid Uranium Slowdown
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Cameco Corp., Canada’s largest uranium miner, fell after posting quarterly profit that lagged behind analysts’ estimates and saying it doesn’t expect a fast recovery in demand for the nuclear fuel.
Cameco declined 3.1 percent to C$20.55 at the close in Toronto. The shares earlier dropped as much as 6.9 percent, the most intraday since Nov. 1, 2012.