Cameco (TSE:CCO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$68.86 and traded as high as C$72.41. Cameco shares last traded at C$71.30, with a volume of 1,259,050 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Eight Capital increased their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Scotiabank boosted their price target on shares of Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. Raymond James increased their price objective on Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. BMO Capital Markets boosted their target price on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada upped their target price on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Five equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$84.30.

Cameco Stock Performance

The company has a 50 day simple moving average of C$76.00 and a 200-day simple moving average of C$68.86. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The stock has a market cap of C$31.03 billion, a P/E ratio of 120.85, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same period in the prior year, the company posted $0.32 earnings per share.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$81.17, for a total value of C$121,755.00. In the last 90 days, insiders sold 80,962 shares of company stock valued at $6,800,456. Corporate insiders own 0.15% of the company’s stock.

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.