Cameco (TSE:CCO) Stock Crosses Above 200 Day Moving Average – What’s Next?

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s stock price passed 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.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CCO shares. Scotiabank lifted their target price on Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. Canaccord Genuity Group boosted their price objective on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada increased their target price on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. National Bankshares lifted their price target on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Finally, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Five research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$84.30.

Cameco Price Performance

The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm’s fifty day moving average price is C$77.51 and its 200 day moving average price is C$68.41. The stock has a market cap of C$32.33 billion, a PE ratio of 125.92, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

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

Insider Activity

In other news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Insiders sold a total of 80,962 shares of company stock worth $6,800,456 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

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.