Cameco (TSE:CCO) Stock Passes Below 200-Day Moving Average of $32.38

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$32.38 and traded as low as C$31.07. Cameco shares last traded at C$32.17, with a volume of 1,626,326 shares changing hands.

Analysts Set New Price Targets

CCO has been the subject of a number of research reports. Raymond James decreased their price objective on shares of Cameco from C$46.00 to C$45.00 in a report on Friday, October 21st. Scotiabank reduced their price target on shares of Cameco from C$44.00 to C$42.00 in a research report on Monday, October 17th. Finally, TD Securities increased their price target on Cameco from C$40.00 to C$41.00 and gave the company a “buy” rating in a report on Friday, October 28th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$42.56.

Cameco Stock Up 4.6 %

The company has a quick ratio of 3.74, a current ratio of 5.11 and a debt-to-equity ratio of 21.56. The stock has a 50 day simple moving average of C$35.40 and a 200 day simple moving average of C$32.38. The stock has a market cap of C$13.91 billion and a price-to-earnings ratio of 214.47.

About Cameco

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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