H.C. Wainwright Publishes Analyst Research Report
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Posted On: 05/05/2021 5:40:32 PM
H.C. Wainwright Publishes Analyst Research Report on Uranium Energy Corp. (NYSE American: UEC), Reiterates Buy Rating
- 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://nnw.fm/z4WbW). 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 Alto Parana’s resources, and an additional $40.0M for Paraguay and UEC’s other exploration stage assets. We continue to believe that these figures remain inline with similar projects throughout our coverage universe to which we assign equal geopolitical risk factors.”
Wainwright backs its recommendation by UEC’s recent drilling activities at its Burke Hollow ISR project in South Texas, where strong results demonstrated promising growth potential (https://nnw.fm/aw7Va). Wainwright also detailed the closure of UEC’s recent offering that grossed $12 million, with expectations that the net proceeds will be applied towards additional uranium purchases and general working capital requirements. Accordingly, the report states that UEC’s total cash, equity, and inventory holdings of $110 million can fully fund its physical uranium initiative that stands at 2.105 million pounds at a weighted average price of about $30 per pound, with deliveries expected between March 2021 and December 2022.
Favorable market predictions in the Wainwright report include growth in global demand, increased domestic demand from the U.S. Uranium Reserve, and long-term rising uranium prices that may drive positive production decisions at one or more of UEC’s projects.
Founded in 2003, Uranium Energy Corp. is a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases. By leveraging historical exploration data, UEC has been able to target and acquire properties that have already been subject to exploration and development by senior energy firms in the past, positioning it favorably to capitalize on rising global uranium demand while using green technology that favors the environment. The Company has a near term extraction profile of 4 million pounds of U3O8 per year from its low-cost South Texas and Wyoming ISR projects. With the largest U.S. resource base of fully permitted and environmentally friendly ISR projects in Texas and Wyoming, UEC is ideally positioned to be the leader in a resurgence of domestic uranium mining.
For more information, visit the company’s website at www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://nnw.fm/UEC
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- 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://nnw.fm/z4WbW). 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 Alto Parana’s resources, and an additional $40.0M for Paraguay and UEC’s other exploration stage assets. We continue to believe that these figures remain inline with similar projects throughout our coverage universe to which we assign equal geopolitical risk factors.”
Wainwright backs its recommendation by UEC’s recent drilling activities at its Burke Hollow ISR project in South Texas, where strong results demonstrated promising growth potential (https://nnw.fm/aw7Va). Wainwright also detailed the closure of UEC’s recent offering that grossed $12 million, with expectations that the net proceeds will be applied towards additional uranium purchases and general working capital requirements. Accordingly, the report states that UEC’s total cash, equity, and inventory holdings of $110 million can fully fund its physical uranium initiative that stands at 2.105 million pounds at a weighted average price of about $30 per pound, with deliveries expected between March 2021 and December 2022.
Favorable market predictions in the Wainwright report include growth in global demand, increased domestic demand from the U.S. Uranium Reserve, and long-term rising uranium prices that may drive positive production decisions at one or more of UEC’s projects.
Founded in 2003, Uranium Energy Corp. is a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases. By leveraging historical exploration data, UEC has been able to target and acquire properties that have already been subject to exploration and development by senior energy firms in the past, positioning it favorably to capitalize on rising global uranium demand while using green technology that favors the environment. The Company has a near term extraction profile of 4 million pounds of U3O8 per year from its low-cost South Texas and Wyoming ISR projects. With the largest U.S. resource base of fully permitted and environmentally friendly ISR projects in Texas and Wyoming, UEC is ideally positioned to be the leader in a resurgence of domestic uranium mining.
For more information, visit the company’s website at www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://nnw.fm/UEC
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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