Analyst downgradeIMHO, I believe Cameco's management is more knowledgeable than bank analysts about their company and the uranium industry.
I believe management has a solid plan to guide us through this extended period of irrational and unsustainable commodity pricing.
I don't believe there will be a dividend cut. The company has maintained the dividend since 1993. Cameco is a blue chip mining stock, and blue chip stocks maintain their dividends. I believe they would sooner do a secondary or issue more debt than cut the divvy.
Management will do what it takes, including layoffs and further reductions in lower grade U production.
The bank analysts are a little late to the party. Analysts often seem guilty of this, cutting or raising their target prices well after a material event has occurred or new trend taken hold.
GLTA. Long CCO.