Uranium Energy price target raised to $17 from $16 at Roth Capital

Roth Capital raised the firm’s price target on Uranium Energy (UEC) to $17 from $16 and keeps a Buy rating on the shares after its Q2 results. The firm is positive on the company’s realized sales price of $101 per pound of uranium, demonstrating the benefits of its unhedged approach, the analyst tells investors in a research note. Roth Capital adds that tailwinds for the uranium industry remain strong.