Alexandre Aubin Sells 300 Shares of Cameco (TSE:CCO) Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) insider Alexandre Aubin sold 300 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were 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 of the company’s stock, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their ownership of the stock.

Cameco Stock Performance

Cameco stock opened at C$144.56 on Thursday. Cameco Co. has a 1 year low of C$94.96 and a 1 year high of C$182.72. The firm’s 50 day moving average price is C$153.08 and its 200-day moving average price is C$152.49. The company has a debt-to-equity ratio of 14.11, a current ratio of 3.08 and a quick ratio of 3.74. The stock has a market cap of C$62.96 billion, a P/E ratio of 97.02, a PEG ratio of 2.22 and a beta of 0.81.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CCO shares. Royal Bank Of Canada boosted their target price on Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce lifted their price objective on Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. National Bank Financial upped their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Desjardins upped their price objective on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Scotia raised their target price on shares of Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.