Cameco Co. (TSE:CCO) Senior Officer Tim Scott Gitzel Sells 50,000 Shares

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$70.89, for a total transaction of C$3,544,500.00.

Tim Scott Gitzel also recently made the following trade(s):

• On Tuesday, May 7th, Tim Scott Gitzel sold 50,000 shares of Cameco stock. The shares were sold at an average price of C$71.16, for a total transaction of C$3,558,000.00.
• 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 transaction 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 transaction of C$816,899.10.

Cameco Stock Down 3.1 %

Shares of CCO stock traded down C$2.25 during midday trading on Friday, reaching C$69.18. 442,797 shares of the stock were exchanged, compared to its average volume of 1,367,813. Cameco Co. has a 1 year low of C$35.65 and a 1 year high of C$72.50. The company’s 50 day moving average is C$62.53 and its two-hundred day moving average is C$60.62. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. The firm has a market cap of C$30.04 billion, a PE ratio of 86.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 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 research analysts predict that Cameco Co. will post 1.5829133 EPS for the current year.

Analyst Upgrades and Downgrades

CCO has been the subject of a number of recent research reports. CIBC lifted their price objective on shares of Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. 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. Bank of America raised their price target on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Raymond James raised their price target on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada raised their price target on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cameco currently has an average rating of “Buy” and a consensus 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.