H.C. Wainwright Publishes Analyst Research Report on Uranium Energy Corp. (NYSE American: UEC), Reiterates Buy Rating
May 5, 2021
- Brokerage firm H.C. Wainwright & Co. recently released report featuring UEC, reiterates Buy rating
- Recent drilling activities at UEC’s Burke Hollow in situ recovery (“ISR”) project show strong results, potential for further resource growth
- UEC well-financed to aggressively pursue key developmental targets, the Company has over $110 million in cash, equity and inventory holdings
- UEC is production ready with four fully licensed uranium projects and a state-of-the-art Central Processing plant with a combined production profile of 4 million pounds of uranium per year
Uranium Energy (NYSE American: UEC), a Corpus Christi, Texas-based uranium mining and exploration company, was recently featured in an H.C. Wainwright & Co. (Wainwright) equity research report that covered wellfield development, resource delineation and company financial updates (https://ibn.fm/rhR2m). Wainwright analysts reiterated their Buy rating for UEC’s stock based on a discounted cash flow (“DCF”) model of future operations and in situ asset values
“We are reiterating our Buy rating on UEC and our PT of $5,” reads the research report. “Our valuation remains based on a DCF of future operations for the firm, utilizing our recently revised 7.5% discount rate. We then add an in situ value of $75.0M for UEC’s Reno Creek assets, $41.5M for…
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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