Uranium Stocks' Rebound Mirrors Dramatic Drop

Source: MarketWatch, Sue Chang (3/24/11)

"The current situation is a buying opportunity for uranium producers."

As the nuclear emergency in Japan shows signs of stabilizing, stocks of uranium companies that mine the radioactive material have regained some lost ground. Still, it may be some time before spooked investors embrace the sector again.

Reaction to the partial meltdown at Japan's Fukushima Daiichi plant was swift and unforgiving. Shares of several uranium companies trading in the United States and Canada plummeted by double digits from March 10, the day before Japan was struck by a 9.0-magnitude earthquake, to low points last week.

Uranium stocks bounced back as the situation at the Fukushima nuclear plant turned more optimistic.

"We continue to believe that the nuclear renaissance is real and that it continues, but we suspect that the equity market's belief in this renaissance is likely to be suspended for the next year or two," wrote Salman Partners Analyst Raymond Goldie in an investment note.

Prices of uranium stumbled 26% in a one-week period to $49.75 per pound on March 17, and then recovered to $62 this week, near the pre-Fukushima level of $67.50, according to data from FactSet Research.

Encompass Fund Manager Malcolm Gissen said that his fund sees the current situation as a buying opportunity for uranium producers.

For many uranium companies, "we think they offer a very good buy because we see higher uranium prices ahead," Gissen said.

Target Price Raised on U.S. Uranium Firm Advancing Texas Project
Source: Streetwise Reports (01/29/2021)

ROTH Capital Partners report calls the advancement of the Burke Hollow project in Texas a "Positive Sign."

U.S. Firm Ready to Produce, 'Support National Uranium Reserve'
Source: Streetwise Reports (01/27/2021)

Uranium Energy Corp.'s favorable position and the reasons for a target price raise on the company are covered in an H.C. Wainwright & Co. report.

Geophysical Survey Identifies Drill Targets at Athabasca Uranium Project
Source: Streetwise Reports (01/19/2021)

Skyharbour Resources' partner Azincourt Energy carried out this work at East Preston.

Top Pick U.S.-Based Uranium Producer/Developer Offers 'Maximum Upside Exposure'
Source: Streetwise Reports (01/14/2021)

The key reasons Uranium Energy warrants Top Pick status and makes a compelling investment are presented in a Haywood Capital Markets report.

Explorer Reports Final Fall 2020 Drill Results from Uranium Asset
Source: Streetwise Reports (01/09/2021)

Skyharbour Resources drills the second of the two longest, continuous intercepts of uranium mineralization discovered at the Moore project.

2021 Forecast Issue: Financial Navigation in Uncharted Waters
Source: Michael Ballanger for Streetwise Reports (01/05/2021)

Sector expert Michael Ballanger lays out the foundation for his investment strategy in the new year, with uranium and copper augmenting his focus on the precious metals.

Company Options Uranium Project Interest in Northern Saskatchewan
Source: Streetwise Reports (12/09/2020)

Skyharbour Resources is optioning an 80% stake in its North Falcon Point uranium project.

Explorer Expands High-Grade Zone at Athabasca Uranium Project
Source: Streetwise Reports (12/04/2020)

Through a 'breakthrough hole,' Skyharbour Resources encounters the longest continuous intersection of uranium mineralization to date at Moore.

Uranium Company Receives Final Federal Permits for U.S. Project
Source: Streetwise Reports (12/02/2020)

What this milestone means for Azarga Uranium, the next steps for advancing its Dewey Burdock and near-term catalysts are addressed in a Haywood report.

Uranium Developer Obtains Final EPA Permits for Flagship South Dakota Property
Source: Streetwise Reports (11/27/2020)

Azarga Uranium reported that the receipt of the final EPA permits for its Dewey Burdock Project marks another significant milestone achievement for the company.