Cameco (TSE:CCO) Insider Sells C$44,559.00 in Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) insider Alexandre Aubin sold 300 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total value of C$44,559.00. Following the transaction, the insider owned 20 shares in the company, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their position.

Cameco Stock Performance

Shares of TSE:CCO traded down C$3.09 during trading on Tuesday, reaching C$143.83. The stock had a trading volume of 470,543 shares, compared to its average volume of 1,002,834. Cameco Co. has a 52 week low of C$94.96 and a 52 week high of C$182.72. The firm has a market capitalization of C$62.64 billion, a price-to-earnings ratio of 96.53, a P/E/G ratio of 2.22 and a beta of 0.81. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11. The stock has a fifty day simple moving average of C$153.98 and a two-hundred day simple moving average of C$152.29.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The business had revenue of C$845.37 million for the quarter.

Wall Street Analysts Forecast Growth

CCO has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their target price on Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Monday. William Blair raised Cameco to a “strong-buy” rating in a research note on Monday, April 20th. Desjardins upped their price target on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Raymond James Financial increased their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Canaccord Genuity Group lifted their price objective on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$175.43.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.