Cameco stock takes a dive on bigger-than-expected Q1 loss

Canada’s largest uranium producer Cameco has reported another disappointing quarter, recording an C$18-million loss, or C$0.05 a share, as the termination of a key contract and lower prices weighed on the bottom line. Excluding special items, the Saskatoon, Saskatchewan-based miner widened the adjusted loss to C$29-million, or C$0.07 a share, falling well short of average Bay Street analyst forecasts calling for earnings of C$0.17 a share.