Goldman Turns Bullish On This Uranium Firm With Largest Licensed U.S. Processing Capacity

Expanding our nuclear sector coverage - after recommending Cameco (CCJ) more than 4.5 years ago in our late-December 2020 report, "Buy Uranium: Is This the Beginning of the Next ESG Craze," and revisiting the theme in subsequent notes (view here & here), Goldman's latest pick for investors seeking a "pure-play" on the U.S. uranium buildout in the "Powering up America" theme is Uranium Energy Corp. 

Goldman analysts led by Brian Lee initiated coverage of UEC on Monday with a "Buy" rating, implying a 30% upside relative to their 12-month price target of $13.