Insider Selling: 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 dated Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the sale, the insider directly owned 20 shares in the company, valued at approximately C$2,970.60. This represents a 93.75% decrease in their position.

Cameco Price Performance

CCO traded down C$3.09 during midday trading on Tuesday, hitting C$143.83. The company had a trading volume of 470,543 shares, compared to its average volume of 1,002,834. Cameco Co. has a twelve month low of C$94.96 and a twelve month high of C$182.72. The company has a market capitalization of C$62.64 billion, a PE ratio of 96.53, a P/E/G ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. The firm’s 50-day simple moving average is C$153.98 and its 200-day simple moving average is C$152.29.

Cameco (TSE:CCO) (NYSE:CCJ) last announced 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 company had revenue of C$845.37 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CCO shares. Royal Bank Of Canada increased their price objective on Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce upped their price target on Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. Barclays set a C$149.00 price target on Cameco and gave the company an “equal weight” rating in a report on Friday, May 22nd. Canaccord Genuity Group boosted their price objective on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Finally, TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.