Cameco (TSE:CCO) Shares Cross Below 200 Day Moving Average of $12.94

Cameco Corp (TSE:CCO) (NYSE:CCJ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.94 and traded as low as $12.52. Cameco shares last traded at $12.69, with a volume of 170,890 shares changing hands.

A number of equities research analysts have weighed in on CCO shares. TD Securities decreased their target price 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. Eight Capital decreased their target price on Cameco from C$18.00 to C$17.00 in a research report on Monday, July 15th. CIBC decreased their target price on Cameco from C$15.00 to C$13.00 in a research report on Friday, September 6th. BMO Capital Markets decreased their target price on Cameco from C$17.00 to C$16.00 in a research report on Thursday, September 26th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$15.00 target price on shares of Cameco in a research report on Monday, November 4th.

The company has a current ratio of 5.63, a quick ratio of 3.52 and a debt-to-equity ratio of 20.57. The stock has a 50-day simple moving average of C$12.35 and a two-hundred day simple moving average of C$12.91. The firm has a market capitalization of $4.97 billion and a P/E ratio of 48.85.

The business also recently declared an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.62%. Cameco’s dividend payout ratio is presently 30.77%.

Cameco Company Profile (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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