Cameco (TSE:CCO) Share Price Passes Above 200-Day Moving Average - What's Next?

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$68.41 and traded as high as C$75.07. Cameco shares last traded at C$74.29, with a volume of 314,340 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCO shares. Raymond James raised their target price on Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. National Bankshares boosted their target price on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Eight Capital lifted their price target on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. BMO Capital Markets raised their target price on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Finally, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$84.30.

Cameco Trading Up 3.3 %

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 capitalization of C$33.40 billion, a price-to-earnings ratio of 130.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business has a fifty day moving average of C$77.55 and a 200-day moving average of C$68.45.

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

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a $0.16 dividend. This represents a dividend yield of 0.22%. This is a boost from Cameco's previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. Cameco's payout ratio is presently 20.34%.

Insider Activity

In other Cameco news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business'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. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the 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. Insiders sold a total of 80,962 shares of company stock valued at $6,800,456 over the last three months. Insiders own 0.15% of the company's stock.

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.