Cameco (TSE:CCO) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$64.61 and traded as high as C$72.38. Cameco shares last traded at C$71.30, with a volume of 1,257,725 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. National Bankshares set a C$74.00 price target on shares of Cameco and gave the stock an "outperform" rating in a report on Wednesday, September 4th. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Canaccord Genuity Group increased their price objective on Cameco from C$75.00 to C$78.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Finally, CIBC raised their price target on Cameco from C$74.00 to C$80.00 and gave the company an "outperform" rating in a research note on Thursday, June 20th. Eight research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$77.50.

Cameco Stock Performance

The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm has a market capitalization of C$33.37 billion, a price-to-earnings ratio of 127.64, a P/E/G ratio of 2.22 and a beta of 0.90. The business has a 50-day moving average price of C$58.27 and a 200-day moving average price of C$64.61.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. The business had revenue of C$598.00 million during the quarter.

Insider Buying and Selling at Cameco

In other news, Director Catherine Gignac purchased 5,500 shares of the stock in a transaction on Friday, August 2nd. The stock was bought at an average price of C$52.99 per share, with a total value of C$291,417.50. In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. Also, Director Catherine Gignac purchased 5,500 shares of Cameco stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of C$52.99 per share, with a total value of C$291,417.50. 0.15% of the stock is currently owned by company 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.