#1 - Uranium Energy Corporation (NYSEAMERICAN:UEC)
The first name on this list of uranium stocks is Uranium Energy Corp. (NYSEAMERICAN: UEC). The company is the fastest-growing North American uranium company and claims to be the largest and most diversified uranium company with a focus on North America. UEC has projects in four U.S. states in addition to Canada and Paraguay.
UEC stock is up 102% in the last 12 months despite the sharp drop in uranium prices in early 2024. A key reason for the stock price growth was that the company transitioned from being a developmental and exploration company to production in 2023. This allowed the company to take advantage of the rising price of uranium.
The company has announced it will restart production at its fully permitted Christensen Ranch operations in Wyoming in August 2024.
As of October 2023, the company had a strong balance sheet with $213.7 million in cash and cash reserves with no debt.
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
- $7.08
- Consensus Rating
- Buy
- Ratings Breakdown
- 3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.42 (61.3% Upside)
