Goldman starts Uranium Energy at Buy on domestic ‘advantage’

As previously reported, Goldman Sachs initiated coverage of pure-play, U.S.-based uranium mining company Uranium Energy (UEC) with a Buy rating and $13 price target Uranium Energy has the capability to ramp to several million pounds of production capacity over the medium term, has the largest licensed processing capacity in the U.S., has no debt, and remains levered to potentially higher pricing within the nuclear fuel supply chain, the analyst tells investors. The firm views the company’s domestic position as a “key competitive advantage” with nuclear energy poised for significant demand growth in the U.S., the analyst added.