Dahlman Rose Starts Uranium Energy Corp (UEC) at Buy; Continue to Believe That A Nuclear Renaissance Is Underway
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Price: $1.85 +1.09%
Rating Summary:
2 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade UEC Now!
Dahlman Rose initiates coverage on Uranium Energy Corp (NYSE: UEC) with a Buy. PT $3.25.
Analyst, Anthony Young, said, "When we initiated coverage of the uranium sector approximately one year ago, we believed that a nuclear renaissance was underway. While the catastrophe at Japan's Fukushima Daiichi nuclear facility has delayed the surge in nuclear reactor builds that we had forecast, we continue to believe that nuclear power will play a key role in the global electricity supply chain. We believe that uranium prices are near the marginal cost of production, and think that prices will need to trend higher in order to support investment in the sector."
For an analyst ratings summary and ratings history on Uranium Energy Corp click here. For more ratings news on Uranium Energy Corp click here.
Shares of Uranium Energy Corp closed at $2.02 yesterday, with a 52 week range of $2.00-$4.44.
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Analyst, Anthony Young, said, "When we initiated coverage of the uranium sector approximately one year ago, we believed that a nuclear renaissance was underway. While the catastrophe at Japan's Fukushima Daiichi nuclear facility has delayed the surge in nuclear reactor builds that we had forecast, we continue to believe that nuclear power will play a key role in the global electricity supply chain. We believe that uranium prices are near the marginal cost of production, and think that prices will need to trend higher in order to support investment in the sector."
For an analyst ratings summary and ratings history on Uranium Energy Corp click here. For more ratings news on Uranium Energy Corp click here.
Shares of Uranium Energy Corp closed at $2.02 yesterday, with a 52 week range of $2.00-$4.44.
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