Cameco outlook sours amid doubts on nuclear's future

Uranium producer Cameco forecast lower sales and highlighted doubts about the takeup of nuclear power in its stronger than expected quarterly results, and its shares edged lower on Friday, in line with the overall market. Shares of Canada's top uranium producer rose at market open on the Toronto Stock Exchange, but were down 1% at C$23.12 by mid-morning after the company warned 2012 revenue could fall by as much as 5% on lower sales volumes in its fuel services business and lower realized uranium prices.

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