It hasn’t been a great year for the stock markets. Better than 2022, sure, but that’s not setting a very high bar.
Second quarter results showed a decline in revenue and profit compared to last year, due mainly to lower sales volumes. But the first six months of the fiscal year were very strong. Revenue was $1.2-billion, up 22 per cent from the first half of 2022. Adjusted net earnings were $112-million compared to $89-million last year.
So, we have a situation where demand is on the rise, which means the price of uranium is likely to move higher. But production problems may limit Cameco’s ability to take full advantage of the situation. Investors should monitor the situation closely. The stock has a history of volatility.) provides mortgage lending services through its wholly owned subsidiary, Equitable Bank, to individuals and businesses in Canadian urban markets, with a focus on entrepreneurs and new Canadians.
This company has done well for our readers since it was first recommended over a decade ago. But history tells us the share price is vulnerable if we have a recession, so some caution is in order.) is one of the largest property/casualty insurers and reinsurers in North America. Its CEO, Prem Watsa, is often called the “Warren Buffett of Canada” because of his value-based investment approach.
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