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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UEC:
- Uranium Energy initiated with a Buy at Goldman Sachs
- Uranium Energy price target raised to $12.75 from $12.25 at H.C. Wainwright
- Uranium Energy’s Sweetwater Complex Gains Transparency Project Status
- Uranium Energy Reinforces Leadership at Annual Meeting
- Uranium Energy call volume above normal and directionally bullish