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

Cameco Co. (TSE:CCO) (NYSE:CCJ) insider Alexandre Aubin sold 300 shares of Cameco stock in a transaction 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 completion of the sale, the insider directly owned 20 shares of the company’s stock, valued at approximately C$2,970.60. This represents a 93.75% decrease in their position.

Cameco Stock Performance

Cameco stock opened at C$136.88 on Friday. The firm has a market capitalization of C$59.62 billion, a P/E ratio of 91.87, a PEG ratio of 2.22 and a beta of 0.81. The stock has a fifty day moving average price of C$152.63 and a 200 day moving average price of C$152.57. Cameco Co. has a 52 week low of C$94.96 and a 52 week high of C$182.72. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11.

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

Analysts Set New Price Targets

A number of analysts have recently commented on CCO shares. Canadian Imperial Bank of Commerce upped their price objective on Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. Scotia boosted their price target on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Desjardins boosted 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. Royal Bank Of Canada raised their price objective on Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday. Finally, William Blair raised Cameco to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average 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.