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Stock Ideas Wall Street Stock Ideas Stock Alert Uranium Energy Corp (NYSE-AMEX: UEC)
Stock Ideas Wall Street Stock Ideas Stock Alert Uranium Energy Corp (NYSE-AMEX: UEC) 
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by Growth Report Research Staff ClickSoftware (Nasdaq: CKSW ), an Israel- and U.S.-based company that develops and markets industry-leading field workforce management optimization software systems, was profiled for Big Idea Investor readers in June. |
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| Stock Alert Uranium Energy Corp (NYSE-AMEX: UEC) |
| Friday, 12 June 2009 | ||||||||
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RBC Capital Markets upgraded Uranium Energy Corp (NYSE-AMEX: UEC) on June 8, 2009 to their top rating of ?Outperform.? RBC Capital Markets is the investment banking branch of Canada?s largest bank, Royal Bank of Canada. Concurrently, National Bank Financial, Haywood Securities and Dundee Capital Markets each reiterated their ?Buy? recommendations of UEC, and each increased their target price for the stock. CIBC World Markets has also initiated coverage of UEC with their top rating of ?Sector Outperformer.? Independent uranium-specialized analysts at these respected institutions are responding to rapid progress being made by UEC with its permitting process for getting into uranium production at its Goliad in-situ recovery project in South Texas. These analysts emphasize that UEC is the next public company anticipated to achieve uranium production in North America. CNBC is also starting to take notice. Recently, CNBC featured an interview with Graham Bibby, managing director of Richmond Asset Management based in Hong Kong. Richmond?s research indicates that uranium is ?the opportunity of the decade.? Mr. Bibby likens today?s opportunity in uranium stocks to the original opportunity in oil ?[If] you could invest in Saudi Arabia before they discovered oil, if you could, you would obviously take that chance.? What stocks were profiled during the show? Just one, Uranium Energy Corp. To understand Mr. Bibby?s perception and research on this market, please view this 3-1/2-minute feature: click the CNBC image above. CNBC and the analysts mentioned above see an opportunity emerging in the uranium market, and believe that UEC may present one of the best ways to invest in this opportunity. Please view independent statements about Uranium Energy Corp and the uranium market from knowledgeable sources including Business Week and five uranium analysts, including those mentioned above, by clicking the UEC image to the right.
Here are the key factors: * There's plenty of demand. The U.S. uses 55 million pounds of uranium each year to produce 20% of the country?s electricity. In 2008, just 4 million pounds of uranium were mined here, down a little from prior years. Concurrently, usage can only increase. On March 4, in committee hearings in the Senate, U.S. Energy Secretary Steven Chu said the Energy Department is ?moving as fast as we can? to provide loan guarantees for the construction of additional nuclear reactors in the U.S. Globally, regardless of the recession, uranium usage is rising steadily and mining production is FAR behind. This imbalance won't last. The price of uranium is in a viable range today, and is anticipated to rise sharply in coming years. In fact, after bottoming at $40/lb in early April, many analysts believe uranium may rise substantially this year. * UEC received its Draft Mine Permit and Draft Production Area Authorization #1 for in-situ recovery (ISR) of uranium at its Goliad Project in South Texas in June 2008 and May 2009, respectively. This is the first Draft Mine Permit and the first Draft PAA to be issued in over 10 years to a publicly listed company in the U.S. * Several uranium analysts anticipate production at Goliad to start in 2010, next year ? North America?s next producer. * It?s no mystery why UEC has a strong lead in the race for new uranium production: Our technical team has more experience than the others, having designed and initiated production at the last ISR facility to go into production, which is also in South Texas. In total, the company?s technical team has participated in a meaningful way in 35 ISR uranium projects in the U.S. * The Company is well funded to aggressively pursue its key development targets in the months ahead. To keep current on this rapidly emerging situation, click through here to the website, www.uraniumenergy.com and register to receive news. Or give us a call at 1-866-748-1030. Thank you, Uranium Energy Corp 9801 Anderson Mill Road, Suite 230 Austin, TX 78750 Toll Free 1-866-748-1030
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