Target Price Raised on U.S. Uranium Firm Advancing Texas Project Research Report

Target Price Raised on U.S. Uranium Firm Advancing Texas Project Research Report

ROTH Capital Partners report calls the advancement of the Burke Hollow project in Texas a "Positive Sign." In a Jan. 27 research note, analyst Joe Reagor reported that ROTH Capital Partners raised its target price on Uranium Energy Corp. (UEC:NYSE AMERICAN) to $2.90 per share from $2.40 after the company announced its plan to advance its Burke Hollow uranium project in Texas. The current share price is about $1.67.

"The Burke Hollow advancement is positive," Reagor added.

He explained why and described the 2021 work plan for the project, estimated to cost less than $2 million.

At Burke Hollow this year, Uranium Energy intends to install 45 more monitoring wells and do further exploration and infill drilling. This work, Reagor highlighted, should "bring the project for construction decision." Should the company choose to move forward, construction would take about 12–18 months, the analyst estimated.Also positive for Uranium Energy, Reagor pointed out, is […]

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