Insider Selling: Cameco Co. (TSE:CCO) Senior Officer Sells C$2,879,600.00 in Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Sean Anthony Quinn sold 40,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$71.99, for a total value of C$2,879,600.00.

Sean Anthony Quinn also recently made the following trade(s):

• On Monday, April 1st, Sean Anthony Quinn sold 50,000 shares of Cameco stock. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00.

Cameco Stock Performance

Shares of TSE:CCO opened at C$71.00 on Friday. The company has a current ratio of 1.42, a quick ratio of 3.74 and a debt-to-equity ratio of 27.96. The company has a 50-day moving average price of C$65.37 and a 200-day moving average price of C$61.68. The company has a market cap of C$30.86 billion, a price-to-earnings ratio of 131.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. Cameco Co. has a 12 month low of C$35.65 and a 12 month high of C$74.99.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.32). Cameco had a net margin of 9.27% and a return on equity of 3.89%. The business had revenue of C$634.00 million for the quarter. As a group, equities analysts anticipate that Cameco Co. will post 1.4894072 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCO. CIBC increased their price target on shares of Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Scotiabank lifted their target price on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Bank of America upped their price target on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. TD Securities reduced their price objective on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research note on Monday, February 12th. Finally, Royal Bank of Canada boosted their target price on Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average target price of C$75.44.

Cameco Company Profile

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.