Cameco (TSE:CCO) Share Price Passes Above 200 Day Moving Average of $63.79

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$63.79 and traded as high as C$71.73. Cameco shares last traded at C$67.31, with a volume of 1,156,010 shares.

Analyst Upgrades and Downgrades

CCO has been the topic of a number of recent analyst reports. Bank of America increased their price target on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Scotiabank raised their target price on Cameco from C$75.00 to C$83.00 in a research report on Thursday, May 30th. Royal Bank of Canada raised their target price on Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. CIBC raised their target price on Cameco from C$74.00 to C$80.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, Raymond James raised their target price on Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$77.44.

Cameco Stock Performance

The company has a debt-to-equity ratio of 27.96, a current ratio of 1.42 and a quick ratio of 3.74. The stock has a market cap of C$29.25 billion, a price-to-earnings ratio of 124.65, a PEG ratio of 2.22 and a beta of 0.93. The firm has a fifty day moving average of C$70.32 and a 200 day moving average of C$63.79.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.32). Cameco had a net margin of 9.27% and a return on equity of 3.89%. The company had revenue of C$634.00 million during the quarter. As a group, sell-side analysts forecast that Cameco Co. will post 1.4911413 EPS for the current year.

Insiders Place Their Bets

In other Cameco news, Senior Officer Brian Arthur Reilly sold 28,125 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$71.27, for a total transaction of C$2,004,468.75. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total transaction of C$3,162,500.00. Also, Senior Officer Brian Arthur Reilly sold 28,125 shares of Cameco stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$71.27, for a total value of C$2,004,468.75. Insiders sold a total of 275,547 shares of company stock valued at $19,245,735 over the last quarter. 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.