Cameco (TSE:CCO) Share Price Crosses Above Two Hundred Day Moving Average of $34.45

Cameco Co. (TSE:CCO – Get Rating) (NYSE:CCJ)’s share price passed 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 traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCO. Canaccord Genuity Group upped their price target on shares of Cameco from C$46.00 to C$48.00 in a report on Friday, February 10th. Bank of America upped their price target on shares of Cameco from C$48.00 to C$50.00 in a report on Wednesday, April 5th. TD Securities upped their price target on shares of Cameco from C$50.00 to C$51.00 and gave the stock an “action list buy” rating in a report on Monday, May 1st. Raymond James upped their price target on shares of Cameco from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Finally, Scotiabank upped their target price on shares of Cameco from C$43.00 to C$50.00 in a research report on Friday, February 10th.

Cameco Price Performance

The firm’s 50-day moving average is C$35.58 and its 200-day moving average is C$34.47. The company has a market capitalization of C$16.13 billion, a PE ratio of 95.51, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The company has a quick ratio of 3.74, a current ratio of 7.74 and a debt-to-equity ratio of 18.80.

Cameco Company Profile

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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.