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

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$68.77 and traded as high as C$70.05. Cameco shares last traded at C$69.97, with a volume of 1,648,452 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CCO shares. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Royal Bank of Canada upped their target price on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. BMO Capital Markets upped their target price on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. National Bankshares upped their target price on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Finally, Eight Capital upped their target price on shares of Cameco from C$80.00 to C$90.00 in a 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 stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Stock Up 2.5 %

The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The company’s 50-day simple moving average is C$77.74 and its 200 day simple moving average is C$68.77. The firm has a market cap of C$30.45 billion, a P/E ratio of 118.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco (TSE:CCO) (NYSE:CCJ) last released 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 return on equity of 4.23% and a net margin of 9.70%. During the same quarter in the prior year, the business posted $0.32 earnings per share.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.16 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is 20.34%.

Insider Buying and Selling

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$75.19, for a total transaction of C$150,380.00. Insiders have sold 80,962 shares of company stock valued at $6,800,456 in the last 90 days. Company insiders own 0.15% of the company’s stock.

About Cameco

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.