Bump Uranium Sector Exposure Back Up
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
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Source: Benzinga
Uranium Market Revival: The Three Mile Island nuclear power plant is set to restart operations with Microsoft as its sole customer for the next 20 years, signaling a resurgence in the uranium and nuclear power sectors.
Investment Recommendations: Chris Temple advises increasing exposure to various uranium-related investments, including the Sprott Physical Uranium Trust and Sprott Junior Uranium Miners ETF, while upgrading stocks like Uranium Energy Corp. and Energy Fuels Inc. to Buy status.
Analyst Views on URNJ
Wall Street analysts forecast URNJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for URNJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.300
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Current: 34.300
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
