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

Cameco Co. (TSE:CCO) (NYSE:CCJ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$68.41 and traded as high as C$75.07. Cameco shares last traded at C$74.29, with a volume of 314,340 shares traded.

Analyst Upgrades and Downgrades

CCO has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. National Bankshares upped their price target on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Raymond James upped their target price on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Finally, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$84.30.

Cameco Trading Down 0.5 %

The stock has a market capitalization of C$32.33 billion, a P/E ratio of 125.92, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The stock’s 50 day moving average price is C$77.51 and its 200-day moving average price is C$68.41.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.16 dividend. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is currently 20.34%.

Insider Buying and Selling

In other Cameco news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Insiders sold 80,962 shares of company stock worth $6,800,456 in the last three months. 0.15% of the stock is owned by insiders.

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.