Cameco (TSE:CCO) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

CCO has been the topic of a number of recent research reports. Eight Capital lifted their target price on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Scotiabank increased their target price on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Canaccord Genuity Group raised their target price 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, BMO Capital Markets upped their price target on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$84.30.

Cameco Stock Performance

The firm has a market cap of C$35.26 billion, a P/E ratio of 137.32, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The business’s 50-day simple moving average is C$77.56 and its 200 day simple moving average is C$68.50.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.24). Cameco had a net margin of 9.70% and a return on equity of 4.23%. During the same quarter in the prior year, the business earned $0.32 EPS.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. Cameco’s dividend payout ratio (DPR) is currently 20.34%.

Insider Buying and Selling

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00. Over the last quarter, insiders sold 80,962 shares of company stock worth $6,800,456. 0.15% of the stock is owned by 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.