Cameco (TSE:CCO) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Cameco shares crossed above their 200‑day moving average (200‑day MA C$145.40), trading as high as C$166.57 and last at C$161.22 on volume of 817,616 shares.
• Analyst sentiment: Analysts are largely positive — 1 Strong Buy, 11 Buy and 2 Hold — giving a consensus rating of Moderate Buy with an average price target of C$174.85.
• Fundamentals: Market cap C$70.22B, P/E 119.42; last quarter EPS C$0.50 on C$1.20B revenue, and Cameco is one of the world’s largest uranium producers (McArthur River ~50% of output) with scope to raise production.

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$145.40 and traded as high as C$166.57. Cameco shares last traded at C$161.22, with a volume of 817,616 shares traded.

Analyst Ratings Changes

A number of research firms have issued reports on CCO. National Bank Financial lifted their target price on Cameco from C$170.00 to C$175.00 and gave the company an "outperform" rating in a research report on Friday, April 17th. William Blair upgraded shares of Cameco to a "strong-buy" rating in a research note on Monday, April 20th. Sanford C. Bernstein lifted their price target on shares of Cameco from C$139.00 to C$201.00 in a report on Thursday, February 5th. TD Securities cut shares of Cameco from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 26th. Finally, Royal Bank Of Canada increased their price objective on shares of Cameco from C$150.00 to C$160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$174.85.

Cameco Stock Down 1.5%

The firm has a 50-day simple moving average of C$157.85 and a 200 day simple moving average of C$145.40. The stock has a market capitalization of C$70.22 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion during the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.

Cameco Company Profile

Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.

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