Cameco (TSE:CCO) Shares Cross Above 200-Day Moving Average of $34.45

Cameco Co. (TSE:CCO – Get Rating) (NYSE:CCJ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$34.45 and traded as high as C$38.41. Cameco shares last traded at C$37.85, with a volume of 691,393 shares trading hands.

Wall Street Analysts Forecast Growth

CCO has been the topic of a number of recent research reports. Scotiabank increased their price objective on shares of Cameco from C$43.00 to C$50.00 in a research note on Friday, February 10th. Canaccord Genuity Group increased their price objective on shares of Cameco from C$46.00 to C$48.00 in a research note on Friday, February 10th. Raymond James increased their target price on shares of Cameco from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. TD Securities increased their target price on shares of Cameco from C$50.00 to C$51.00 and gave the company an “action list buy” rating in a research report on Monday, May 1st. Finally, Bank of America increased their target price on shares of Cameco from C$48.00 to C$50.00 in a research report on Wednesday, April 5th.

Cameco Trading Down 1.6 %

The stock’s fifty day simple moving average is C$35.58 and its 200-day simple moving average is C$34.47. The firm has a market cap of C$16.13 billion, a PE ratio of 95.51, a PEG ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 18.80, a current ratio of 7.74 and a quick ratio of 3.74.

Cameco Company Profile

(Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.