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

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) passed 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCO. 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 lifted their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bankshares lifted their target price on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Finally, Raymond James lifted their target price on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of C$84.30.

Cameco Stock Performance

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 firm’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 capitalization of C$30.45 billion, a price-to-earnings ratio of 118.59, a PEG ratio of 2.22 and a beta of 0.90.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.01) 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 last year, the firm earned $0.32 EPS.

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 dividend of $0.16 per share. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s payout ratio is 20.34%.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction that occurred 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 1,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$81.17, for a total transaction of C$121,755.00. Insiders sold a total of 80,962 shares of company stock valued at $6,800,456 in the last three months. 0.15% of the stock is currently owned by corporate 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.