UEC - Bullish On Uranium: Analyst Anticipates A Radiant Future For Uranium Energy Corp Amid Soaring Prices | Benzinga
Roth MKM analyst Joe Reagor reiterated a Buy rating on Uranium Energy Corp. (AMEX: UEC), raising the price target to $6.75 from $6.
The analyst notes that UEC sold 805,000 pounds of uranium during fiscal Q4 2023.
Reagor previously estimated UEC would make no uranium sales during fiscal Q4 as the company was expected to withhold inventory until pricing climbed above $60 per pound.
Since July this year, the spot price of uranium has increased from $54 per pound to over $72 per pound, owing to geopolitical issues and increasing demand driven by a renewed ...