Stifel initiates Uranium Energy stock with Buy, $10.50 target

On Wednesday, Stifel Canada began coverage of Uranium Energy Corp (NYSE: UEC ) by assigning a Buy rating and setting a price target of $10.50, joining a strong analyst consensus with price targets ranging from $10.00 to $12.25. The firm highlighted the company’s rapid expansion of production capabilities within the United States and its potential for near-term production growth. According to InvestingPro data, analysts anticipate remarkable revenue growth of over 580% for fiscal year 2025, though the company is not expected to achieve profitability this year. Uranium Energy Corp is in the process of developing multiple in-situ recovery assets in the U.S. and also possesses promising exploration projects in the Athabasca Basin, known for its rich uranium deposits.

The Stifel Canada report commended Uranium Energy Corp’s management team for their consistent performance and strategic mergers and acquisitions over the past five years. These transactions have not only increased the company’s […]

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