Cameco Co. (TSE:CCO – Get Rating) (NYSE:CCJ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.54 and traded as high as C$34.02. Cameco shares last traded at C$33.99, with a volume of 792,939 shares.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Raymond James decreased their target price on shares of Cameco from C$46.00 to C$45.00 in a research report on Friday, October 21st. Bank of America raised their target price on shares of Cameco from C$42.00 to C$47.00 in a report on Tuesday, November 22nd. TD Securities boosted their target price on shares of Cameco from C$40.00 to C$41.00 and gave the stock a “buy” rating in a research note on Friday, October 28th. Finally, Scotiabank lowered their price target on shares of Cameco from C$44.00 to C$42.00 in a research report on Monday, October 17th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of C$42.67.
Cameco Trading Up 2.0 %
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 business’s 50 day moving average is C$31.21 and its 200-day moving average is C$32.54. The firm has a market cap of C$14.70 billion and a P/E ratio of 117.21.
Insiders Place Their Bets
In other news, Senior Officer David Fehr Doerksen sold 17,319 shares of the company’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of C$30.79, for a total value of C$533,252.01. Following the transaction, the insider now owns 14,337 shares in the company, valued at approximately C$441,436.23.
Cameco Company Profile
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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