Cameco (TSE:CCO) Insider Alexandre Aubin Sells 300 Shares

Cameco Co. (TSE:CCO) (NYSE:CCJ) insider Alexandre Aubin sold 300 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 20 shares in the company, valued at C$2,970.60. The trade was a 93.75% decrease in their ownership of the stock.

Cameco Trading Down 1.6%

Shares of TSE:CCO opened at C$144.56 on Wednesday. The stock has a market capitalization of C$62.96 billion, a price-to-earnings ratio of 97.02, a PEG ratio of 2.22 and a beta of 0.81. Cameco Co. has a 1-year low of C$94.96 and a 1-year high of C$182.72. 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 company has a 50 day moving average price of C$153.57 and a 200 day moving average price of C$152.40.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Scotia increased 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. Royal Bank Of Canada boosted 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. Canadian Imperial Bank of Commerce upped their price objective on shares of Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. Raymond James Financial raised their target price on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Finally, Barclays set a C$149.00 target price on shares of Cameco and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.