Cameco Co. (TSE:CCO) Senior Officer Sells C$292,469.65 in Stock

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) Senior Officer Caroline Marie Gorsalitz sold 9,947 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of C$29.40, for a total value of C$292,469.65. Following the completion of the sale, the insider now owns 50,490 shares of the company’s stock, valued at C$1,484,547.37.

TSE:CCO opened at C$30.22 on Wednesday. The business’s 50-day simple moving average is C$34.46 and its 200-day simple moving average is C$30.99. Cameco Co. has a fifty-two week low of C$19.68 and a fifty-two week high of C$41.05. The stock has a market capitalization of C$12.04 billion and a PE ratio of -116.23. The company has a debt-to-equity ratio of 21.01, a current ratio of 5.18 and a quick ratio of 3.90.

A number of brokerages have recently weighed in on CCO. CIBC began coverage on Cameco in a research note on Wednesday, January 19th. They issued a “buy” rating and a C$37.00 target price for the company. Eight Capital lifted their price objective on Cameco from C$38.00 to C$48.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. BMO Capital Markets upgraded Cameco from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$33.00 to C$42.00 in a research report on Thursday, March 31st. Raymond James set a C$47.00 price objective on Cameco and gave the stock an “outperform” rating in a research report on Friday, May 6th. Finally, Scotiabank raised their target price on Cameco from C$40.00 to C$47.00 in a report on Wednesday, April 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of C$41.64.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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