Cameco (TSE:CCO) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Cameco Co. (TSE:CCO - Get Free Report) 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$72.95 and traded as high as C$104.83. Cameco shares last traded at C$103.99, with a volume of 1,372,657 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCO. Raymond James Financial increased their price objective on shares of Cameco from C$96.00 to C$102.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Sanford C. Bernstein raised Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Scotiabank boosted their target price on shares of Cameco from C$93.00 to C$95.00 in a report on Monday, June 16th. BMO Capital Markets boosted their price objective on Cameco from C$85.00 to C$95.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, Desjardins boosted their price objective on Cameco from C$85.00 to C$105.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Nine investment analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$97.23.

Cameco Stock Up 1.5%

The business has a fifty day moving average of C$89.07 and a two-hundred day moving average of C$73.39. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company has a market cap of C$47.86 billion, a price-to-earnings ratio of 410.82, a PEG ratio of 2.22 and a beta of 0.90.

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.