#1 - Uranium Energy (NYSEAMERICAN:UEC)
Uranium Energy Corp. (NYSEAMERICAN: UEC) is a pure play in the uranium sector. Uranium Energy claims to be the world’s largest and fastest-growing uranium company. It focuses on North America, with projects in four U.S. states and additional projects in Canada and Paraguay. Uranium Energy’s largest reserves in Saskatchewan’s Athabasca Basin, which were purchased from a subsidiary of Rio Tinto in 2022, are forecasted to be a key source of profitable production.
The key word is profitable. Mining is a capital-intensive business, and Uranium Energy is investing in that growth at a time when it’s generating very little revenue. However, patience may pay off. The company started production in 2023, and analysts believe that the company can achieve profitability once it’s at full production.
Any stock that trades below $10 carries some risk. However, Uranium Energy has a solid balance sheet that includes over $350 million in cash and other assets and, more importantly, 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
- $7.27
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $10.63 (46.1% Upside)
