#2 - Uranium Energy (NYSEAMERICAN:UEC)
The world continues to shift away from fossil fuels. However, finding renewable energy sources that are truly clean is proving to be elusive. That’s turning more experts back to nuclear energy, which is why Uranium Energy Corp. (NYSEAMERICAN: UEC) is an under $50 stock that should get your attention.
The spot price of uranium is down from its all-time high in February 2024, but it’s still selling at over 15-year highs. And at around $90 per pound, uranium is trading at what’s considered the breakeven point for most Western mining companies.
Uranium Energy is well positioned to take advantage of the rise in uranium’s spot price. The company has restarted production at its Christensen Rance In-Situ Recover (ISR) operations in Wyoming. It also has plans to restart production at its South Texas ISR platform.
And despite a 139% rise in the UEC stock price in the last 12 months, analysts continue to be bullish with a consensus Buy rating and a price target of $8.80 which gives the stock about a 32% upside.
About Uranium Energy
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
Read More - Current Price
- $6.80
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $10.31 (51.7% Upside)
