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

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$71.16, for a total transaction 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 stock was sold at an average price of C$66.85, for a total transaction 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 transaction of C$816,899.10.

Cameco Stock Performance

Shares of TSE:CCO opened at C$71.43 on Friday. The company’s 50 day moving average price is C$62.53 and its two-hundred day moving average price is C$60.62. Cameco Co. has a 12-month low of C$35.65 and a 12-month high of C$72.37. The firm has a market cap of C$31.02 billion, a PE ratio of 86.06, a PEG ratio of 2.22 and a beta of 0.94. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts predict that Cameco Co. will post 1.5829133 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCO. CIBC upped 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 note on Wednesday, April 17th. Bank of America upped their price target on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. TD Securities decreased their price target on shares of 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. Royal Bank of Canada upped their price target on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Raymond James upped their price target on shares of Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average 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.