Cameco (TSE:CCO) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ's share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$68.77 and traded as high as C$70.05. Cameco shares last traded at C$69.97, with a volume of 1,648,452 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Raymond James increased their price objective on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. BMO Capital Markets increased their price objective on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Scotiabank increased their target price on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Finally, National Bankshares increased their target price on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Five investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of "Buy" and an average price target of C$84.30.

Cameco Trading Up 3.3 %

The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a market cap of C$31.44 billion, a PE ratio of 122.46, a P/E/G ratio of 2.22 and a beta of 0.90. The company's 50-day moving average is C$77.53 and its 200 day moving average is C$68.78.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last released its earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) 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 quarter in the previous year, the company posted $0.32 earnings per share.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.16 per share. This is a positive change from Cameco's previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco's dividend payout ratio is 20.34%.

Insider Transactions at Cameco

In related news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$75.19, for a total value of C$150,380.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Insiders have sold a total of 80,962 shares of company stock worth $6,800,456 in the last 90 days. 0.15% of the stock is owned by insiders.

Cameco Company Profile

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.