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Saturn Oil & Gas Inc. Announces its First Development of Cardium Wells at Brazeau and Continued Successful Development (click to learn more)
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Bullboard - Stock Discussion Forum Uranium Energy Corp. UEC

Energy
Uranium Energy Corp. (UEC: NYSE American) is an independent U.S. uranium mining company. UEC controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The Company has a potential production profile of 4 million pounds of U.S.-origin U3O8 per year with room to expand. Chairman is former U.S. Energy Secretary, Spencer Abraham.

NYSEAM:UEC - Post Discussion

Uranium Energy Corp. > 💥Here come the re-rates!💲🌊🏄 Canaccord Genuity have ❓
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Post by mangoe on Apr 11, 2024 12:06pm

💥Here come the re-rates!💲🌊🏄 Canaccord Genuity have ❓

John Quakes
@quakes99 -


Here come the re-rates! Canaccord Genuity have issued a 34-page #Uranium sector upgrade: "Durable demand, fragile supply" raising their Spot & Long-term #U3O8 price forecasts and Price Targets for 16 of 19 U #mining #stocks they cover.

CG now see today's structural supply deficit lasting 4 more years until at least 2028 based on a single global Uranium market view that is not adjusted for restricted/declining access to Russian enriched uranium and secondary supply by Western markets where world prices for Nuclear fuel are set, or for nearly all of Kazakhstan's increased production going only to Russia & China.

CG have raised their Long-term Price forecast from $70 to $81 in 2024 and $90 in 2025 onward given the increased level of term contracting with reported floors of $80/lb and ceilings of $125-$130/lb in new contracts being signed.

CG see "extreme tightness" in the Spot market that will lead to high volatility that makes price predictions unreliable, but they do increase their Spot price forecast to $105 in 2024 and $135 in 2025.

Sadly, CG does not recognize the benefits to themselves and their covered clients by open sharing of their reports to the wider investing community so their lawyers forbid me from providing a copy to U to aid your research and due diligence.

Sorry. Good luck with your investments in what is shaping up to be a long and protracted Uranium bull market that will be one for the history books!
 
 
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Uranium Energy Corp.