Roth Capital raised the firm’s price target on Uranium Energy (UEC) to $16 from $11.50 and keeps a Buy rating on the shares. While the fiscal Q4 results missed estimates as the company elected not to make any uranium sales, uranium market conditions continue to improve, the analyst tells investors in a research note. Roth believes the outlook for uranium prices and demand remain strong. It says uranium market strength justify higher valuations for Uranium Energy.
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