Cameco (TSE:CCO) Stock Crosses Below 200-Day Moving Average of $12.81
Shares of Cameco Corp (TSE:CCO) (NYSE:CCJ) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.81 and traded as low as $12.20. Cameco shares last traded at $12.45, with a volume of 210,748 shares changing hands.
A number of research analysts have recently weighed in on CCO shares. BMO Capital Markets dropped their price target on Cameco from C$17.00 to C$16.00 in a research report on Thursday, September 26th. TD Securities dropped their price target on Cameco from C$14.50 to C$14.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Raymond James restated an “outperform” rating and issued a C$15.00 price target on shares of Cameco in a research report on Monday, November 4th. Finally, CIBC dropped their price target on Cameco from C$15.00 to C$13.00 in a research report on Friday, September 6th.
The firm has a market cap of $4.84 billion and a PE ratio of 48.04. The business has a 50-day moving average price of C$12.33 and a two-hundred day moving average price of C$12.81. The company has a debt-to-equity ratio of 20.57, a current ratio of 5.63 and a quick ratio of 3.52.
About Cameco (TSE:CCO)
Cameco Corporation produces and sells uranium worldwide. The company operates in 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. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
Featured Story: What is a Call Option?
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.