Cameco Co. (TSE:CCO) Senior Officer Sells C$3,558,000.00 in Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$71.16, for a total value of C$3,558,000.00.

Tim Scott Gitzel also recently made the following trade(s):

• On Wednesday, April 3rd, Tim Scott Gitzel sold 21,546 shares of Cameco stock. The shares were sold at an average price of C$66.85, for a total transaction of C$1,440,350.10.
• On Wednesday, February 28th, Tim Scott Gitzel sold 14,815 shares of Cameco stock. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10.

Cameco Stock Performance

Shares of TSE:CCO opened at C$70.97 on Wednesday. The business has a fifty day moving average of C$61.92 and a 200-day moving average of C$60.48. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. Cameco Co. has a twelve month low of C$35.65 and a twelve month high of C$72.37. The firm has a market cap of C$30.82 billion, a PE ratio of 85.51, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The company had revenue of C$844.00 million during the quarter. On average, equities research analysts predict that Cameco Co. will post 1.5829133 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CCO shares. Bank of America increased their price target on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Eight Capital boosted their price target on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research note on Monday, January 15th. TD Securities lowered their price target on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. CIBC lifted their price objective on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, Raymond James upped their target price on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$75.44.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.