Cameco Shares Gain 6% Despite Q3 Earning Miss: How to Play the Stock?

Shares of Cameco (CCJ) have gained 6% since it reported third-quarter 2024 results on Nov. 6. CCJ incurred a loss of 1 cent in the quarter against earnings of 24 cents in the year-ago quarter. However, revenues improved 23% year over year. Cameco missed the Zacks Consensus Estimate for revenues and earnings.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The CCJ stock closed at $54.41 yesterday, 7$54.41 and 53.6% above its 52-week low of $35.43. Year to d ...