ETF Movers on Friday: ONEV, URA
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Uranium ETF Performance: The Uranium ETF is underperforming, down approximately 4.9% in Friday afternoon trading.
Weakest Components: Key contributors to this decline include Centrus Energy, which fell by about 7.6%, and Uranium Energy, which decreased by about 7.3%.
Market Context: The performance of the Uranium ETF contrasts with other ETFs on the market today.
Author's Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Analyst Views on UEC
Wall Street analysts forecast UEC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for UEC is 17.94 USD with a low forecast of 16.00 USD and a high forecast of 19.75 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.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 18.820
Low
16.00
Averages
17.94
High
19.75
Current: 18.820
Low
16.00
Averages
17.94
High
19.75
About UEC
Uranium Energy Corp is a supplier of uranium to produce nuclear energy. The Company is advancing the In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It has three ISR hub-and-spoke platforms in South Texas and Wyoming. These production platforms are anchored by licensed central processing plants that intend to be served by a pipeline of satellite ISR projects, including seven that already have their permits in place. Additionally, the Company has diversified uranium holdings, including uranium portfolios of U.S. warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. Its uranium projects include Palangana Mine and Christensen Ranch Mine, and its Red Desert, Green Mountain, Roughrider and Christie Lake Projects. Palangana Mine is a 6,969-acre property located in Duval County, Texas, approximately 100 miles south of its Hobson Processing Facility.
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.
