Cameco (TSE:CCO) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ's share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$69.81 and traded as high as C$82.10. Cameco shares last traded at C$82.01, with a volume of 928,254 shares changing hands.

Wall Street Analysts Forecast Growth

CCO has been the topic of several recent research reports. National Bankshares cut their price target on Cameco from C$87.00 to C$81.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. TD Securities dropped their target price on Cameco from C$90.00 to C$77.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Sanford C. Bernstein raised Cameco to a "strong-buy" rating in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group upped their price target on shares of Cameco from C$82.50 to C$83.50 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$82.65.

Cameco Stock Performance

The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The company has a market cap of C$36.42 billion, a PE ratio of 312.62, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business has a fifty day simple moving average of C$66.74 and a two-hundred day simple moving average of C$69.67.

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.