Cameco (TSE:CCO) Shares Down 3.2% – Should You Sell?

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) traded down 3.2% during trading on Friday . The stock traded as low as C$67.16 and last traded at C$67.45. 146,345 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,207,482 shares. The stock had previously closed at C$69.65.

Wall Street Analysts Forecast Growth

CCO has been the subject of several analyst reports. National Bankshares boosted their target price on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Eight Capital boosted their price objective on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. BMO Capital Markets raised their target price on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Finally, Raymond James raised their price objective on Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$84.30.

Cameco Stock Down 4.0 %

The firm has a 50-day simple moving average of C$74.32 and a 200 day simple moving average of C$68.99. The stock has a market capitalization of C$29.44 billion, a P/E ratio of 252.69, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

Insider Activity at Cameco

In related news, 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 value of C$4,283,000.00. Also, Senior Officer Sean Anthony Quinn sold 13,400 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Insiders sold a total of 78,962 shares of company stock worth $6,650,076 in the last quarter. 0.15% of the stock is owned by insiders.

About Cameco

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.