Cameco Corp. lost $2 million in the second quarter of 2017, marking the third consecutive three-month period in which the Saskatoon-based uranium miner has reported losing money despite more than a year of aggressive cost-cutting.
There are few companies on the market that are weighed down as much as Cameco Corp. (TSX:CCO)(NYSE:CCJ). Cameco is one of the better options on the market and should be a core holding in nearly every portfolio.
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has seen its stock struggle so far this year, dropping over 11% year to date (YTD). Cameco is one of the largest producers of uranium in the world and is largely influenced by its price.
Shares in uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ) have been pummeled and are down by 9% over the last year; shares are almost a third of their post Global Financial Crisis high reached in early 2011.
There are so many reasons to like Cameco Corp. (TSX:CCO)(NYSE:CCJ). It is a low-cost uranium producer, and that shares are incredibly low, providing an opportunity to acquire a relatively inexpensive company that is highly efficient.