Ultime notizie per Yellow Cake (OTC:YLLXF) Azioni

Yellow Cake PLC is a specialist company operating in the uranium sector. The principal activity of the company is to invest in uranium projects. It invests in quoted or unquoted companies producing, developing, or exploring for uranium in Canada, the United States, Australia, and South Africa. The company's only segment being the holding of uranium oxide concentrate (U3O8) for long-term capital appreciation.

Yellow Cake PLC

BMO Capital analyst Brian Pitz reiterates Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Outperform and raises the price target from $230 to $236.

News

Price Target

Reiteration

Analyst Ratings

AMZN

BMO Capital Reiterates Outperform on Amazon.com, Raises Price Target to $236

Barrington Research analyst Alexander Paris maintains Stack Cap Gr (TSX:<a class="ticker" href="https://www.benzinga.com/stock/STCK#TSX">STCK</a>) with a Outperform and maintains C$13 price target.

TSX:STCK

Barrington Research Maintains Outperform on Stack Cap Gr, Maintains C$13 Price Target

RBC Capital analyst Greg Pardy maintains Athabasca Oil (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ATH#TSX">ATH</a>) with a Sector Perform and raises the price target from C$5.5 to C$6.

TSX:ATH

RBC Capital Maintains Sector Perform on Athabasca Oil, Raises Price Target to C$6

Barrington Research analyst Michael Petusky maintains LeMaitre Vascular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMAT#NASDAQ">LMAT</a>) with a Outperform and raises the price target from $92 to $93.

LMAT

Barrington Research Maintains Outperform on LeMaitre Vascular, Raises Price Target to $93

In the current session, the stock is trading at $108.41, after a 1.87% spike. Over the past month, United States Lime Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USLM#NASDAQ">USLM</a>) stock increased by 19.59%, and in the past year, by 176.62%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1730475025_0.png" alt="Past Year Chart" />

<h3>A Look at United States Lime P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
United States Lime has a better P/E ratio of 35.33 than the aggregate P/E ratio of 24.1 of the Construction Materials industry. Ideally, one might believe that United States Lime Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1730475025_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

USLM

A Look Into United States Lime Inc's Price Over Earnings

Susquehanna analyst Bascome Majors maintains Werner Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>) with a Negative and lowers the price target from $30 to $28.

WERN

Susquehanna Maintains Negative on Werner Enterprises, Lowers Price Target to $28

RBC Capital analyst Douglas Miehm maintains Bausch Health Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) with a Sector Perform and raises the price target from $10 to $11.

RBC Capital Maintains Sector Perform on Bausch Health Companies, Raises Price Target to $11

<a href="https://news.bloomberglaw.com/us-law-week/warner-bros-discoverys-class-action-win-upheld-by-second-cir">https://news.bloomberglaw.com/us-law-week/warner-bros-discoverys-class-action-win-upheld-by-second-cir</a>
&nbsp;
<ul>
<li>Ruling affirms companies didn't mislead investors pre-merger</li>
<li>Investors had alleged stock drops were linked to misstatements</li>
</ul>
Warner Bros. Discovery Inc. and its top executives prevailed again on appeal in a securities lawsuit, after a panel of Second Circuit judges ruled Friday that investors couldn't show the entertainment giant misled them in disclosures before its merger took place.
The offering documents for the tie-up between Warner Bros. and Discovery allegedly left out key details about subscriber numbers, third-party licensing, and content release strategy, but those claims aren't sufficient to show "actionable omissions" in disclosures, the unsigned opinion said.
Investors had alleged that both Discovery and WarnerMedia stated they had scrutinized each other's investment plans and nonpublic financial ...
 &nbsp;

Legal

'Warner Bros. Discovery's Class Action Win Upheld by Second Cir.' - Bloomberg Law

Susquehanna analyst Charles Minervino maintains Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) with a Neutral and lowers the price target from $61 to $55.

Susquehanna Maintains Neutral on Valaris, Lowers Price Target to $55

Barrington Research analyst James Goss maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Outperform and raises the price target from $24 to $28.

IMAX

Barrington Research Maintains Outperform on Imax, Raises Price Target to $28

Susquehanna analyst James Friedman maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Neutral and raises the price target from $50 to $58.

TREE

Susquehanna Maintains Neutral on LendingTree, Raises Price Target to $58

Susquehanna analyst Christopher Rolland maintains STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) with a Positive and lowers the price target from $35 to $33.

Susquehanna Maintains Positive on STMicroelectronics, Lowers Price Target to $33

Tigress Financial analyst Ivan Feinseth maintains Travel+Leisure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNL#NYSE">TNL</a>) with a Buy and raises the price target from $58 to $64.

Tigress Financial Maintains Buy on Travel+Leisure, Raises Price Target to $64

<h2 class="wp-block-heading">Poland: Minister Of Health Signs Regulation Tightening Access To Medical Marijuana</h2>
Minister of Health Izabela Leszczyna signed a new regulation regarding narcotics and psychotropic substances on Oct. 29, significantly tightening access to medical marijuana. The new law will take effect seven days after the announcement, <a href="https://bezprawnik.pl/dostep-do-medycznej-marihuany/">writes</a> Bezprawnik, according to translation.
As <a href="https://www.benzinga.com/markets/cannabis/24/09/40877465/poland-tightens-medical-cannabis-rules-bans-telehealth-prescriptions">previously announced,</a> under the new law, medical marijuana prescriptions cannot be obtained through a telemedicine consultation, unless they are continuations of previously prescribed therapy. Only public facilities are allowed to issue remote prescriptions, while private clinics can't continue to prescribe the therapy remotely. The first medical marijuana prescription can only be obtained in person from a doctor.
The new rules come as the Ministry of Health says medical marijuana has been prescribed too easily.
New regulations will mostly affect less mobile patients, those living in smaller towns, and those who are unable to move around freely.
&#8220;The proposed content in the project aims to modify the amended regulation towards strengthening oversight over the prescription of controlled substances, thus reducing negative social phenomena associated with the misuse of these substances, including their excessive prescription, which leads to drug addiction requiring hospitalization or further pharmacological treatment," per the justification. "Besides the aforementioned health and social consequences, this also leads to increased public healthcare costs.&#8221;
In addition to cannabis products, the list of restricted substances includes morphine, fentanyl and oxycodone.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40754721/poland-ministry-of-health-supports-decriminalizing-possession-of-25-grams-of-cannabis-cultivatio">Poland Ministry Of Health Supports Decriminalizing Possession Of 25 Grams Of Cannabis, Cultivation Of 3 Plants</a>
<h2 class="wp-block-heading">Thailand: New Cannabis And Hemp Rules Expected To Be Finalized In A Year</h2>
Deputy Health Minister Dech-Is Khao Thong and his advisory team met this week with the Department of Thai Traditional and Alternative Medicine to discuss progress on the Cannabis and Hemp Act, <a href="https://www.hfocus.org/content/2024/10/32099">writes</a> Hfocus, according to translation. Thong said he needs to review details and scheduled a clause-by-clause discussion of the draft law.
Dr. Somrak Chingsaman, director-general of the department said it is expected that the law will be finalized within one year under the current administration. Among key items of the new draft law are:
<ul>
<li>Flowering parts are strictly for medical use.</li>
<li>Allowed for research purposes.</li>
<li>Products from flowering parts approved by the FDA can be used for consumption only, exempt from this law.</li>
</ul>
For other uses, such as textiles made from cannabis roots, branches, leaves, or stems, separate ministerial regulations will apply.
Improper medical use carries a 20,000-baht fine ($590) or one year in jail, while unauthorized sales will be punished with 100,000 baht or a one-year jail term.
In June, the Thai government decided to reverse its 2022 marijuana decriminalization decision by <a href="https://www.benzinga.com/markets/asia/24/06/39298781/thailand-unveils-proposals-making-cannabis-illegal-again-and-reduce-meth-possession-limits" target="_blank" rel="noreferrer noopener">relisting parts of the cannabis plant as a narcotic</a>, to go into effect January 1, 2025. While Thailand became the first country in Southeast Asia to allow legal the recreational use of marijuana, it has never been properly regulated, resulting in a proliferation of cannabis shops across the country. In July, however, Charnvirakul confirmed that then-Prime Minister Srettha Thavisin <a href="https://www.benzinga.com/markets/cannabis/24/07/39922637/thailand-will-not-re-criminalize-cannabis-prime-minister-agrees-to-regulate-industry-instead-wha" target="_blank" rel="noreferrer noopener">agreed that proper regulation is a better solution</a> than cannabis re-criminalization.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40713696/thai-deputy-prime-minister-optimistic-about-future-of-cannabis-industry">Thai Deputy Prime Minister Optimistic About Future Of Cannabis Industry</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h2 class="wp-block-heading">Japan: Ultra-Strict THC Limits Set New Bar For CBD Products, Testing Global Suppliers</h2>
Japan recently imposed new rules regarding THC limits in CBD products and raw materials used to make them. The limits are among the strictest in the world, <a href="https://hemptoday.net/japans-strict-new-cbd-rules-force-suppliers-to-scramble-for-thc-free-formulations/">writes</a> Hemp Today. New rules are expected to take effect in December 2024.
The limits imposed are said to be 200 to 300 times stricter that the threshold in most other countries which usually allow 0.3% THC limit for all CBD products categories. Under Japan's new rules, THC is allowed at 10 mg/kg (= 0.001% = 10ppm) for oils and powders, and even stricter limits apply to aqueous solutions (0.10mg/kg = 0.00001% = 0.1ppm) and food products (1mg/kg = 0.0001% = 1ppm).
 Read Also: <a href="https://www.benzinga.com/markets/asia/24/10/41426708/70-of-german-physicians-can-now-prescribe-reimbursed-medical-marijuana-more-cannabis-updates-from-it">Japan: Updated Guidelines On THC Limits Don&#8217;t Address All Gaps, Says Expert</a>
The new THC limits pose significant challenges for foreign CBD suppliers already operating in Japan. Global companies such as PharmaHemp (Slovenia), Elixinol and CBDfx (U.S.), Endoca (Denmark), and Naturecan (UK) promote their products as THC-free, but Japan&#8217;s strict standards for transparency and rigorous compliance will put these claims to the test.
Continue reading on <a href="https://hemptoday.net/japans-strict-new-cbd-rules-force-suppliers-to-scramble-for-thc-free-formulations/">Hemp Today</a>.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/09/40845784/japan-criminalizes-cannabis-with-7-year-prison-sentence-medical-marijuana-remains-legal">Japan Criminalizes Cannabis With 7-Year Prison Sentence, Medical Marijuana Remains Legal</a>
<h2 class="wp-block-heading">Australia: Victoria's Medicinal Cannabis Patients Can Now Drive Without Fear Of Automatic License Loss</h2>
Medical marijuana patients in Victoria no longer have to fear that they will automatically lose their licence if caught driving with traces of the substance in their system, <a href="https://www.theguardian.com/australia-news/2024/nov/01/victoria-medicinal-cannabis-law-drivers">reported</a> The Guardian. Now, magistrates can exercise sentencing discretion for drivers who test positive for THC, provided they have a valid prescription for medical marijuana and are unimpaired while driving.
Previously, any detectable THC would lead to a mandatory six-month licence loss and fine, impacting users who took cannabis as prescribed for conditions like cancer or multiple sclerosis. Starting March 1, prescribed users can now explain their circumstances in court, allowing magistrates to decide on licence retention. However, driving with any THC trace remains an offence; the reform only adjusts sentencing discretion.
The change comes after Legalise Cannabis Victoria secured an amendment in the upper house on Thursday night
"Roadside saliva tests can detect tiny traces of THC more than a week after consumption, but these minuscule remnants have negligible impact on driving ability," said Legalise Cannabis MP David Ettershank. "Under the old law the mere presence of this remnant chemical meant a compulsory loss of licence for six months and a steep fine, but the driver had only taken their medicine as directed by their doctor."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40323963/australian-cannabis-producers-eye-european-market-especially-germany-and-france-marijuana-and-me">Australian Cannabis Producers Eye European Market, Especially Germany And France, Marijuana And Menstrual Pain Study Underway</a></li>
</ul>
Photo: Courtesy of OMfotovideocontent via Shutterstock

Cannabis

Victoria's Medical Marijuana Patients Can Now Drive Without Fear Of License Loss & More Cannabis Updates Around The Globe

Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) shares are<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41679903/wayfair-announces-third-quarter-2024-results-reports-strong-profitability-in-tandem-with-further-m" rel="noreferrer noopener"> trading lower on Friday.</a>
The company reported third-quarter adjusted earnings per share of 22 cents, beating the street view of 13 cents. Quarterly sales of $2.884 billion (down 2%) topped the analyst estimate of $2.876 billion.
U.S. net revenue was $2.5 billion, down $60 million or 2.3% year over year. International net revenue was $372 million, with constant currency growth unchanged.
&#8220;Once again, we navigated a dynamic consumer environment while driving further discipline on costs to achieve a mid-single-digit Adjusted EBITDA margin for the second quarter in a row,&#8221; said&nbsp;Niraj Shah, CEO, co-founder and co-chairman, Wayfair.&nbsp;
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/11/41686535/can-blockchain-transform-finance-or-will-banks-like-citi-jpmorgan-wield-it-for-efficiency" rel="noreferrer noopener"> Can Blockchain Transform Finance Or Will Banks Like Citi, JPMorgan Wield It For Efficiency?</a>
Gross profit totaled $873 million (year-ago $917 million), representing 30.3% of total net revenue.
As of September 30, there were 21.7 million active customers, a 2.7% decrease from the previous year.
In the third quarter, 9.3 million orders were delivered, down 6.1% year over year.
&#8220;The core goal across each of our initiatives in 2024 is to foster customer loyalty and spur repeat business while driving economic value,&#8221; Shah added.
Mobile devices accounted for 63% of total orders delivered in the third quarter, up from 61.7% year over year.
The company exited the quarter with cash and equivalents worth $1.3 billion. Inventories as of quarter end totaled $81 million. Long-term debt at the end of the third quarter was $3.061 billion.
Needham analyst Bernie McTernan reiterated Wayfair with a <a target="_blank" href="https://www.benzinga.com/quote/W/analyst-ratings" rel="noreferrer noopener">Buy and maintained&nbsp;a $60&nbsp;price target.</a>
Price Action: W shares are trading lower by 2.6% to $41.72&nbsp;at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41683914/exxon-q3-earnings-11-3-billion-cost-savings-rising-production-dividend-hike-and-more" target="_blank" rel="noreferrer noopener">Exxon Q3 Earnings: $11.3 Billion Cost Savings, Rising Production, Dividend Hike And More</a></li>
</ul>

Earnings

Equities

Guidance

Movers

General

Wayfair Q3 Results: Earnings Beat Street, But Sales And Customer Base Decline

BWS Financial analyst Hamed Khorsand maintains ATN International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNI#NASDAQ">ATNI</a>) with a Buy and maintains $30 price target.

ATNI

BWS Financial Maintains Buy on ATN International, Maintains $30 Price Target

RBC Capital analyst Paul Treiber downgrades Open Text (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTEX#NASDAQ">OTEX</a>) from Outperform to Sector Perform and lowers the price target from $45 to $33.

Downgrades

OTEX

RBC Capital Downgrades Open Text to Sector Perform, Lowers Price Target to $33

Susquehanna analyst Mehdi Hosseini maintains Silicon Motion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIMO#NASDAQ">SIMO</a>) with a Positive and lowers the price target from $110 to $95.

SIMO

Susquehanna Maintains Positive on Silicon Motion Technology, Lowers Price Target to $95

Susquehanna analyst Charles Minervino maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Positive and lowers the price target from $7 to $6.5.

Susquehanna Maintains Positive on Transocean, Lowers Price Target to $6.5

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho analyst Anthony Crowdell upgraded the rating for IDACORP, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>) from Neutral to Outperform and raised the price target from $102 to $116. Idacorp shares closed at $103.48 on Thursday. <a href="https://www.benzinga.com/quote/IDA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Myles Minter upgraded argenx SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) from Market Perform to Outperform. argenx shares closed at $586.30 on Thursday. <a href="https://www.benzinga.com/quote/ARGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Jason Celino upgraded Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) from Sector Weight to Overweight and announced a $260 price target. Atlassian shares closed at $188.54 on Thursday. <a href="https://www.benzinga.com/quote/TEAM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Paul Zimbardo upgraded the rating for Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Hold to Buy and raised the price target from $71 to $76. Xcel Energy shares closed at $66.81 on Thursday. <a href="https://www.benzinga.com/quote/XEL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum analyst Christian Schwab upgraded Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) from Hold to Buy and announced a $30 price target. Cohu shares closed at $24.91 on Thursday. <a href="https://www.benzinga.com/quote/COHU/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TEAM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="521" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-1024x521.png" alt="" class="wp-image-625822" style="width:633px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-1024x521.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-768x391.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3.png 1248w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41685620/top-3-energy-stocks-that-are-preparing-to-pump-in-november">Top 3 Energy Stocks That Are Preparing To Pump In November</a></li>
</ul>

Upgrades

Trading Ideas

ARGX

COHU

TEAM

This Atlassian Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

URNM And URNJ: Access Pure-Play Uranium With Sprott ETFs

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Thanks to supply-demand issues, uranium prices are at&nbsp;<a href="https://www.wsj.com/finance/commodities-futures/uranium-prices-jump-to-16-year-high-on-supply-woes-analysis-05c7086f">16-year highs</a>. And they&rsquo;re not likely to come down any time soon, creating an opportunity for beaten-down uranium stocks.



To start,&nbsp;one of the world&rsquo;s biggest producers of uranium, Kazatomprom just said, &ldquo;It will produce only 80% of its permitted maximum uranium output allowed under Kazakh subsoil usage contracts, instead of the previously announced 90% level,&rdquo;&nbsp;<a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/020124-kazakh-uranium-miner-kazatomprom-says-will-produce-only-80-of-permitted-levels-in-2024">as noted by S&amp;PGlobal.com</a>.&nbsp;



&ldquo;The company had warned in a Jan. 12 statement about the potential to not meet the previously indicated 90% level due to the sulfuric acid issue and delays in completing construction works at newly developed [uranium] deposits.&rdquo;



On top of that, demand is strongly rebounding. Especially with 22 countries &ndash; including the U.S., Canada, the UK, and France &ndash;&nbsp;pledging to <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/120223-cop28-22-nations-pledge-to-triple-nuclear-generation-capacity-by-2050">triple their nuclear capacity by 2050</a>. Fueling further upside, <a href="https://www.wsj.com/finance/commodities-futures/uranium-is-finally-running-hot-and-miners-cant-keep-up-e6a79367">uranium miners are struggling</a> to get uranium out of the ground&nbsp;after years of slow demand since Fukushima.



All of which is creating a massive opportunity for uranium stocks.



<h2>Cameco Corp. (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div>Since July,&nbsp;Cameco&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/">CCJ</a>) rocketed from about $30 to a frothy double-top high of $50. From there, it pulled back to about $40.53, where it&rsquo;s now oversold on RSI, MACD, and Williams&rsquo; %R. From here, I do expect CCJ to again test its former high shortly.&nbsp;



All because the supply-demand scenario isn&rsquo;t cooling. 



In fact, according to Cameco CEO Tim Gitzel uranium prices are soaring higher due to global factors that will &ldquo;persist for years,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4065272-uranium-markets-bullish-trend-to-persist-for-years-to-come-cameco-ceo-says">says Seeking Alpha</a>.&nbsp;&ldquo;Market tightness caused by supply chain challenges, ongoing mine depletion, declining secondary supplies, and a decade of underinvestment amid low market prices likely will persist well into the next decade,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4065272-uranium-markets-bullish-trend-to-persist-for-years-to-come-cameco-ceo-says">Gitzel added</a>.



With earnings, the company missed with EPS of C$0.21. However, its C$844 million revenue, up 61% year-over-year (YOY) did beat expectations. Better, its full-year 2024 guidance for C$2.85 billion to C$3 billion was also above estimates for C$2.81 billion.



<h2>NexGen Energy (NXE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div>NexGen Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nxe-stock-quote/">NXE</a>) is also oversold on RSI, MACD, and Williams&rsquo; %R. Currently trading at $7.05, the Canadian uranium company could rally back to its initial $8.25.



Helping, the company&rsquo;s Rook I Project is being developed into the largest, low-cost producing uranium mines in the world,&nbsp;<a href="https://www.nexgenenergy.ca/rook-1-project/#:~:text=Feasibility,-Study%20Highlights&amp;text=Extensive%20data%20collection%20and%20testing,uranium%20mine%20in%20the%20world.">according to the company</a>.&nbsp;



It also expects&nbsp;Rook I to produce about <a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">30 million pounds of uranium</a>&nbsp;each year. Even better, it could provide 50% of Western supply at some point. And, while production hasn&rsquo;t started just yet, NXE says it could deliver a free cash flow (FCF) of $2 billion in the first five years.



Also,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted in its investor deck</a>, demand for uranium is expected to jump 127% by 2030. By 2040, demand will be up by 200%. All of which could create a massive 240-million-pound deficit. Worse, that will continue to widen as growth in annual demand is expected to triple by the time 2050 rolls around, as also noted by the company.



<h2>Denison Mines (DNN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-1600-300x169.jpg" alt="A photo of a uranium mine"><div>Source: John Carnemolla / Shutterstock.com</div></div>There&rsquo;s also Denison Mines (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/dnn-stock-quote/">DNN</a>), a uranium exploration and development company with interests in the&nbsp;AthabascaBasin region of northern&nbsp;Saskatchewan, Canada,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted on the company&rsquo;s site</a>.&nbsp;



The company also has 95% interest in its Wheeler River Uranium Project &ndash; the &ldquo;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">largest undeveloped uranium project</a>&rdquo; in&nbsp;the &ldquo;infrastructure-rich eastern portion of the&nbsp;Athabasca Basin region of northern&nbsp;Saskatchewan,&rdquo; as well, says Denison Mines.



Even more impressive,&nbsp;<a href="https://finance.yahoo.com/news/denison-reports-impressive-financial-operational-011100912.html">according to President and CEO David Cates</a>,&nbsp;&ldquo;The sheer magnitude of Denison&rsquo;s numerous operational accomplishments in 2023 reflects an extraordinarily productive time for our Company. With the completion of the Phoenix Feasibility Study in June, we have cemented Phoenix&rsquo;s position as a globally leading uranium development project, showcasing Denison&rsquo;s industry leadership in the de-risking and application of the In-Situ Recovery mining method in the Athabasca Basin.&rdquo;



Better still, earnings haven&rsquo;t been too shabby either. For 2023, the company posted EPS from continuing operations of 11 cents &ndash; a 450% jump YOY.



<h2>Energy Fuels Inc. (UUUU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-300x169.png" alt="Powdered and solid uranium in front of a white background."><div>Source: RHJPhtotos / Shutterstock</div></div>We can also look at oversold uranium producer&nbsp;Energy Fuels (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uuuu-stock-quote/">UUUU</a>). With the supply-demand issue, the company has been <a href="https://finance.yahoo.com/news/energy-fuels-uuuu-commences-production-145900433.html">ramping up production</a> at three of its developed mines in Arizona and Utah. It&rsquo;s also preparing two other mines in Colorado and Wyoming with production expected in about a year. And it&rsquo;s advancing a few other larger-scale U.S. mines.



Earnings have been just as solid. EPS of 62 cents was up from a year-earlier loss of 38 cents. Revenue was up 203% YOY to $37.93 million from $12.5 million.&nbsp;



Even better,&nbsp;<a href="https://www.prnewswire.com/news-releases/energy-fuels-announces-2023-results-record-net-income-and-earnings-per-share-uranium-production-ramp-up-and-near-term-production-of-separated-rare-earth-elements-302070233.html">as noted by the company</a>, &ldquo;As long as market prices are strong, we will continue to selectively capitalize on spot market sales opportunities as we ramp up our production, in ways that are unique to our Company, in 2024 and beyond, and with limited capital.&rdquo;



After dropping to about $6 a share, UUUU is slowly pivoting higher. From a current price of $6.33, I&rsquo;d initially like to see it retest $8.25.



<h2>Uranium Royalty (UROY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-300x169.jpg" alt="uranium, a mineral used in nuclear research"><div>Source: RHJPhtotoandilustration / Shutterstock.com</div></div>There&rsquo;s also Uranium Royalty (NASDAQ:<a href="https://investorplace.com/stock-quotes/uroy-stock-quote/">UROY</a>), a Canadian company that owns interests in uranium mines in the U.S. and in Canada.&nbsp;It&rsquo;s also oversold after pulling back from $3.67.&nbsp;



Not only is it gaining exposure to uranium prices without ever having to deal with the risks and costs associated with mining, it&rsquo;s also seeing royalties, and receiving payments from uranium mine operators based on production or uranium project sales. It&rsquo;s also exposed to uranium streams, where it makes a payment to an operator in exchange for long-term rights to a fixed percentage of future production,&nbsp;<a href="https://www.uraniumroyalty.com/why-urc/business-strategy/">according to the company&rsquo;s site</a>.



At the moment, it has interest in properties operated by Uranium Energy Corp. (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uec-stock-quote/">UEC</a>), Cameco, enCoreEnergy (NASDAQ:<a href="https://investorplace.com/stock-quotes/eu-stock-quote/">EU</a>), PaladinEnergy (OTCMKTS:<a href="https://investorplace.com/stock-quotes/palaf-stock-quote/">PALAF</a>), and Energy Fuels to name a few of the top ones.&nbsp;



Helping, analysts at&nbsp;Canaccord just <a href="https://realmoney.thestreet.com/recommendations/uroy-uranium-royalty-price-target-raised-by-c-at-canaccord">raised their price target on UROY</a>.&nbsp;<a href="https://www.moomoo.com/news/post/30837259/hc-wainwright---co--maintains-buy-on-uranium-royalty--raises-price-target-to-----">H.C. Wainwright</a>&nbsp;also raised its price target price to $6.40 with a buy rating.&nbsp;



<h2>Sprott Uranium Miners ETF (URNJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1007906431-300x169.jpg" alt="clean energy stocks: a nuclear power plant in Belgium"><div>Source: engel.ac / Shutterstock</div></div>Or, if you want to diversify with top uranium mining stocks, we can look at an exchange-traded fund (ETF) like the&nbsp;Sprott Uranium Miners ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/urnj-stock-quote/">URNJ</a>).



With an expense ratio of 0.80%, URNJ is a pure-play junior uranium mining ETF that tracks the performance of mid-, small-, and micro-cap uranium-related stocks. Some of its top holdings include Paladin Energy, NexGen Energy, Uranium Energy Corp., Denison Mines, and Energy Fuels to name a few.



Over the last few weeks, the ETF did pullback from about $30 to $24.32. Now oversold, I&rsquo;d like to see the URNJ ETF revisit its prior high initially.&nbsp;



Also,&nbsp;<a href="https://seekingalpha.com/article/4662184-urnj-2024-is-a-year-for-the-junior-uranium-miners-to-outperform">as noted by Seeking Alpha</a>, &ldquo;Historical behavior suggests that small and mid-size uranium miners are likely to catch up and outperform in the near future, especially with potential catalysts&rdquo; such as the current supply-demand issue.



Higher uranium prices, and a recovery in oversold uranium stocks should boost URNJ near term.



<h2>Global X Uranium ETF (URA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-1-300x169.png" alt="Uranium on top of black rock background."><div>Source: RHJPhtotos / Shutterstock</div></div>Another hot, but oversold ETF to consider is the&nbsp;Global X Uranium ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ura-stock-quote/">URA</a>). Since bottoming out in March 2023, the ETF ran from about $18 to a high of $32.60. Now at $27.46, it&rsquo;s also technically oversold. From here, I&rsquo;d like to see in initially retest its prior high and head higher with the supply-demand issues.



<a href="https://www.globalxetfs.com/funds/ura/">With an expense ratio of 0.69%</a>, the ETF offers exposure to companies involved with uranium mining, and the production of nuclear components, including extraction refining, exploration, and manufacturing. In fact, some of its top holdings include Cameco, NexGen Energy,&nbsp;Yellow Cake&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/yllxf-stock-quote/">YLLXF</a>), Denison Mines, and&nbsp;Boss Energy&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/bqssf-stock-quote/">BQSSF</a>) to name a few.



Helping, demand is likely to rise significantly, especially as countries look to nuclear energy, as a key energy source. Geopolitics will also send uranium prices, stocks, and ETFs, like the URA ETF to higher highs. That includes the U.S. ban on uranium from Russia.



On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/7-nuclear-and-uranium-stocks-to-power-up-your-portfolio/">7 Nuclear and Uranium Stocks to Power Up Your Portfolio</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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