Cameco (TSE:CCO) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$137.38 and traded as high as C$149.06. Cameco shares last traded at C$148.62, with a volume of 523,983 shares changing hands.

Analyst Upgrades and Downgrades

CCO has been the subject of several recent analyst reports. National Bank Financial lifted their price target on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Raymond James Financial increased their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus raised their price objective on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Scotiabank decreased their target price on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Canaccord Genuity Group dropped their target price on shares of Cameco from C$190.00 to C$185.00 in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of C$174.85.

Cameco Stock Up 2.5%

The stock has a market cap of C$64.73 billion, a PE ratio of 110.09, a PEG ratio of 2.22 and a beta of 0.67. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74. The company has a 50 day moving average price of C$159.95 and a two-hundred day moving average price of C$137.38.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 EPS for the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.The company had revenue of C$1.20 billion for the quarter.

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. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.