OTCQX:VLNCF - Post by User
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mesa1on May 19, 2021 9:07am
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Globe says Fission Uranium kept at "speculative buy" ...
Globe says Fission Uranium kept at "speculative buy" ...
2021-05-19 04:47 PT - In the News
The Globe and Mail reports in its Wednesday, May 19, edition that Canaccord analyst Katie Lachapelle calls uranium "a hugely strategic metal whose value in a carbon-constrained world will only increase." The Globe's David Leeder writes that Ms. Lachapelle says, "With 2020 highlighting supply chain fragility and macro policies providing demand tailwinds, mine restarts and investments in new supply will be required, in our view." Ms. Lachapelle raised the firm's long-term uranium price assumption to $60 (U.S.) per pound from $50 (U.S.) (all subsequent figures Canadian). Ms. Lachapelle adds: "The acknowledgement of nuclear's critical role in providing cost-effective emissions-free base-load power has been slow in coming, but has now gained momentum. This has reduced the risk of accelerated plant closures in OECD nations and continues to drive growth in developing nations." Ms. Lachapelle continues to rate Fission Uranium "speculative buy." She boosted her share target to 80 cents from 70 cents. Analysts on average target the shares at 93 cents. The Globe reported on Nov. 24 that Ms. Lachapelle began coverage of Fission Uranium with a "speculative buy" rating. The shares could then be had for 26 cents.