#4 - Uranium Energy (NYSEAMERICAN:UEC)
The next uranium stock on this list is Uranium Energy (NYSEAMERICAN: UEC). This is a small-cap company with many projects in the Americas. Most notably, the company has several projects in the Athabasca Basin of northern Saskatchewan, Canada. This is known as one of the world’s premier uranium mining jurisdictions.
In May 2023, the company filed an S-K 1300 technical report about its Roughrider Project in that basin. The company sees this a future catalyst that anchors the companies high-grade Canadian pipeline. This is the next step towards moving the project towards production.
UEC stock is a penny stock and that means investors should expect some volatility. But MarketBeat’s Uranium Energy analyst ratings give the stock a price target that gives the stock an upside of over 200%. There’s no dividend here and the stock does trade at over 33x earnings. But the risk may be worth the potential reward.
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
- $8.33
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $10.50 (26.1% Upside)
