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 firm’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 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 Performance

TSE:CCO opened at C$71.43 on Friday. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. Cameco Co. has a 1 year low of C$35.65 and a 1 year high of C$72.37. The stock’s 50 day simple moving average is C$62.53 and its two-hundred day simple moving average is C$60.62. The company has a market cap of C$31.02 billion, a price-to-earnings ratio of 86.06, a PEG ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data 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 firm 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%. As a group, equities analysts anticipate that Cameco Co. will post 1.5829133 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CCO shares. Raymond James lifted their price objective on Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Bank of America lifted their price objective on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. TD Securities lowered their price objective 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 target price on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, Eight Capital lifted their target price 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.