Key Points
- Cameco insider Alexandre Aubin sold 300 shares on June 25 at an average price of C$148.53, totaling C$44,559.00. After the sale, Aubin’s stake fell to 20 shares, a 93.75% decrease in ownership.
- Cameco shares opened at C$144.56, with a 52-week range of C$94.96 to C$182.72. The company’s market cap is about C$62.96 billion, and its recent financial metrics include a PE ratio of 97.02 and a debt-to-equity ratio of 14.11.
- Analysts remain broadly positive on Cameco, with a consensus rating of Moderate Buy and an average target price of C$175.43. Several firms recently raised price targets, including National Bank Financial, Scotia, Raymond James, and Desjardins.
Cameco Co. (TSE:CCO - Get Free Report) (NYSE:CCJ) insider Alexandre Aubin sold 300 shares of the firm'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 sale, the insider owned 20 shares of the company's stock, valued at approximately C$2,970.60. This represents a 93.75% decrease in their ownership of the stock.
Cameco Stock Performance
Shares of CCO opened at C$144.56 on Wednesday. The company's 50 day moving average price is C$153.57 and its 200 day moving average price is C$152.40. Cameco Co. has a 52 week low of C$94.96 and a 52 week high of C$182.72. The company has a market capitalization of C$62.96 billion, a PE ratio of 97.02, a PEG ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08.
Cameco (TSE:CCO - Get Free Report) (NYSE:CCJ) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The firm had revenue of C$845.37 million for the quarter.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CCO shares. National Bank Financial upped their price target on shares of Cameco from C$175.00 to C$180.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Scotia lifted their price objective 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. William Blair upgraded Cameco to a "strong-buy" rating in a research note on Monday, April 20th. Raymond James Financial upped their target price on Cameco from C$175.00 to C$180.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 3rd. Finally, Desjardins raised their price target on Cameco from C$185.00 to C$190.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$175.43.
Read Our Latest Report on CCO
About Cameco
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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.
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