U.S. Firm Ready to Produce, 'Support National Uranium Reserve'

U.S. Firm Ready to Produce, ‘Support National Uranium Reserve’

January 28, 2021 (Investorideas.com Newswire) Uranium Energy Corp.’s favorable position and the reasons for a target price raise on the company are covered in an H.C. Wainwright & Co. report. In a Jan. 26 research note, analyst Heiko Ihle reported that H.C. Wainwright & Co. increased its target price on Uranium Energy Corp. (UEC:NYSE AMERICAN) to $3.60 per share from $3.30. This compares to $1.64, the current per share price.

The higher target price, Ihle explained, resulted from the financial institution lowering its discount rate on Uranium Energy’s asset base (to 7.5% from 8%) due to various positive industry developments and raising its per-pound valuation of the company’s ex-Texas assets (to $3.50 from $3.15).

Also of note is that Uranium Energy "remains well positioned to leverage its low-cost in-situ recovery (ISR) operations to support a recently enacted bill that is set to create a U.S. uranium reserve during 2021," Ihle indicated.

He […]

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