Roth Capital raised the firm’s price target on Uranium Energy (UEC) to $11.50 from $10.50 and keeps a Buy rating on the shares. The firm cites the company’s announcement that it was launching a new subsidiary with a goal of developing domestic uranium refining and conversion capacity, and Roth believes this new venture could provide further growth potential for the company in the medium term, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 Launches New U.S. Refining Subsidiary
- Uranium Energy call volume above normal and directionally bullish
- Starbucks upgraded, Shopify downgraded: Wall Street’s top analyst calls
- Goldman starts Uranium Energy at Buy on domestic ‘advantage’
- Uranium Energy initiated with a Buy at Goldman Sachs