|Bid||11.45 x 0|
|Ask||11.46 x 0|
|Day's range||11.40 - 11.53|
|52-week range||9.93 - 17.65|
|PE ratio (TTM)||-191.00|
|Earnings date||27 Oct 2017|
|Dividend & yield||0.32 (3.17%)|
|1y target est||14.41|
NIAMEY/PARIS, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - French uranium mining and nuclear fuel group Areva NewCo will slash output and reduce staffing levels at its Niger mines in response to low uranium prices, the company and its unions said. A spokeswoman for Areva's open-pit Somair mine close to Arlit said the mine will reduce its annual production of uranium concentrate to 1,700 tonnes in 2018 from 2,100 tonnes this year. "Market conditions are very difficult ... Somair has to adapt its industrial organization and its workforce accordingly.
Cameco Corporation (CCJ) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
For the first time in four years, the world's biggest miners are awash in cash, riding a wave of cost cuts and a recovery in raw material prices from coal to zinc last year. "Companies who said they are going to spend more on capital (projects) or do not have a clear dividend policy, they've all been penalized (in the stock market)," said Charl Malan, senior analyst at New York-based fund management firm Van Eck Associates. The world's four biggest diversified miners, including BHP Billiton Plc and Rio Tinto Plc (LSE: RIO.L - news) , last year raked in more than $20 billion in free cash flow before dividends and share buybacks, said Clarksons Platou analyst Jeremy Sussman.