Cameco (TSE:CCO) Stock Price Breaks Below 200-Day Moving Average - Should You Sell?

Key Points

• Cameco shares fell below their 200-day moving average of C$142.10, trading as low as C$121.35 and last changing hands at C$122.57.
• Despite the technical decline, analysts remain broadly positive: the stock has a consensus “Buy” rating and an average price target of C$179.89, with two Strong Buy, eleven Buy, and two Hold ratings.
• Cameco reported quarterly EPS of C$0.18 on revenue of C$813.77 million. Its valuation remains elevated at a P/E ratio of 151.32, although the company has strong liquidity with a 3.74 quick ratio.

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$142.10 and traded as low as C$121.35. Cameco shares last traded at C$122.57, with a volume of 948,679 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD set a C$190.00 target price on Cameco and gave the stock a "buy" rating in a research report on Thursday, September 24th. National Bank Financial set a C$185.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Monday, October 5th. Jefferies Financial Group set a C$190.00 price target on shares of Cameco and gave the company a "buy" rating in a report on Thursday, September 3rd. Royal Bank Of Canada set a C$184.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research note on Thursday, September 24th. Finally, Truist Financial raised shares of Cameco to a "strong-buy" rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$179.89.

Cameco Stock Down 2.4%

The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. The company has a market cap of C$53.38 billion, a P/E ratio of 151.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The company has a fifty day moving average of C$132.68 and a 200 day moving average of C$142.10.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its earnings results on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$813.77 million for the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.

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