Cameco (TSE:CCO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$104.99 and traded as high as C$126.26. Cameco shares last traded at C$115.64, with a volume of 1,239,766 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada dropped their price target on Cameco from C$160.00 to C$150.00 in a research report on Thursday, November 13th. National Bankshares upped their target price on Cameco from C$140.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Stifel Nicolaus increased their price target on shares of Cameco from C$150.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a research report on Monday, September 22nd. Finally, CLSA upgraded shares of Cameco to a “moderate buy” rating in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$141.08.

Cameco Price Performance

The company’s 50 day moving average price is C$123.52 and its 200 day moving average price is C$104.99. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The company has a market cap of C$50.35 billion, a price-to-earnings ratio of 95.57, a P/E/G ratio of 2.22 and a beta of 1.28.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Wednesday, November 5th. The company reported C$0.00 earnings per share (EPS) for the quarter. The business had revenue of C$614.56 million during the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.