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

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were 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 Trading Down 2.1 %

Cameco stock opened at C$69.46 on Thursday. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. The company has a market capitalization of C$30.16 billion, a price-to-earnings ratio of 83.69, a PEG ratio of 2.22 and a beta of 0.94. Cameco Co. has a one year low of C$35.65 and a one year high of C$72.37. The company’s fifty day moving average price is C$62.21 and its two-hundred day moving average price is C$60.54.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing the consensus estimate of C$0.28 by C($0.07). The business had revenue of C$844.00 million for the quarter. Cameco had a return on equity of 6.05% and a net margin of 13.94%. On average, analysts forecast that Cameco Co. will post 1.5829133 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James increased their target price on Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. TD Securities reduced their target price on 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. CIBC increased their target price on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Eight Capital increased their target price on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Monday, January 15th. Finally, Scotiabank increased their target price on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.