Shares of Cameco Corp. (TSX: CCO) fell more than 10% in early Wednesday trading after the Saskatoon-based uranium producer warned Tuesday that analyst estimates are too high and it expects to report a loss for 2016.
Cameco's (TSE:CCO) second quarter financial results, posted on Thursday, show the company was hit hard by the suspension of its mine in Rabbit Lake, Sask. in April.