Cameco (TSE:CCO) Stock Price Passes Below 200-Day Moving Average of $11.94
Cameco Corp (TSE:CCO) (NYSE:CCJ)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.94 and traded as low as $11.41. Cameco shares last traded at $11.43, with a volume of 760,413 shares trading hands.
Several brokerages recently commented on CCO. Raymond James set a C$15.00 price objective on shares of Cameco and gave the company an “outperform” rating in a research note on Monday, February 10th. BMO Capital Markets reduced their price objective on shares of Cameco from C$16.00 to C$15.50 in a research note on Tuesday, December 17th. Finally, CIBC reduced their price objective on shares of Cameco from C$13.00 to C$12.00 in a research note on Thursday, January 23rd.
The firm’s 50 day moving average is C$11.59 and its 200 day moving average is C$11.94. The company has a market cap of $4.58 billion and a PE ratio of 61.12. The company has a debt-to-equity ratio of 20.21, a current ratio of 6.51 and a quick ratio of 5.03.
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.
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