Cameco (TSE:CCO) Shares Cross Above 200 Day Moving Average of $32.54

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.54 and traded as high as C$34.02. Cameco shares last traded at C$33.99, with a volume of 792,939 shares changing hands.

Analyst Ratings Changes

CCO has been the subject of a number of recent research reports. Bank of America increased their price target on shares of Cameco from C$42.00 to C$47.00 in a research note on Tuesday, November 22nd. Scotiabank cut their price target on shares of Cameco from C$44.00 to C$42.00 in a report on Monday, October 17th. TD Securities increased their price target on shares of Cameco from C$40.00 to C$41.00 and gave the company a “buy” rating in a report on Friday, October 28th. Finally, Raymond James dropped their target price on shares of Cameco from C$46.00 to C$45.00 in a report on Friday, October 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$42.67.

Cameco Stock Up 2.0 %

The company has a debt-to-equity ratio of 21.56, a quick ratio of 3.74 and a current ratio of 5.11. The company has a market capitalization of C$14.70 billion and a price-to-earnings ratio of 117.21. The stock’s fifty day simple moving average is C$31.21 and its two-hundred day simple moving average is C$32.54.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last posted its quarterly earnings data on Thursday, October 27th. The company reported C$0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.05) by C$0.08. The company had revenue of C$388.66 million for the quarter. On average, sell-side analysts anticipate that Cameco Co. will post 0.8 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer David Fehr Doerksen sold 17,319 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of C$30.79, for a total transaction of C$533,252.01. Following the transaction, the insider now owns 14,337 shares of the company’s stock, valued at C$441,436.23.

About Cameco

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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