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

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco 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 stock was sold at an average price of C$66.85, for a total value 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 Down 2.1 %

Shares of CCO stock traded down C$1.51 on Wednesday, reaching C$69.46. 1,081,878 shares of the company's stock traded hands, compared to its average volume of 1,384,191. The company has a market capitalization of C$30.16 billion, a P/E ratio of 85.51, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. Cameco Co. has a 12-month low of C$35.65 and a 12-month high of C$72.37. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The business's 50 day moving average price is C$61.92 and its two-hundred day moving average price is C$60.48.

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

Analyst Upgrades and Downgrades

CCO has been the topic of a number of research reports. CIBC increased their target price on shares of Cameco from C$72.00 to C$74.00 and gave the stock an "outperform" rating in a report on Wednesday, April 17th. Eight Capital increased 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 cut their price target on shares of Cameco from C$82.00 to C$79.00 and set an "action list buy" rating for the company in a report on Monday, February 12th. Scotiabank lifted their price objective on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Finally, Raymond James increased their target price on shares of Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$75.44.

Cameco Company Profile

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.