What’s up everyone, so in today’s video, I’m going to share with you one top uranium penny
stock which has some solid fundamentals and is well placed to be a winner in the upcoming uranium
demand boom.. So please make sure you stick around to the end, so you don’t miss out on what
their Chairman had to say about their competitive advantage and how their game changing tech works.
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So let’s jump straight into it and talk Uranium Energy Corp (UEC);
it has a share price of $2.89 and a market cap of $674m. Its share price is down 6.47% over
the last month but over the last 6 months, this stock is up 68%. And from all indications, it
seems to have shown good resilience to the recent market selloff. Uranium Energy Corp is NYSE listed
with an average of 5.4m shares traded over a 30 day period and over 233.2m shares outstanding.
Uranium Energy Corp is a Leading Pure Play, American Uranium Producer. And Based out of South
Texas, the Company’s hub-and-spoke operations are anchored by the fully-licensed Hobson Processing
Facility which is central to the Palangana, Burke Hollow and Goliad in situ recovery projects.
As of June 9th, the Uranium Spot Price was around $32/lb an 80% Increase Over the November 2016 Low
($17.75/lb) but still significantly lower than the all time highs of $138/lb
seen in 2005. But if the outlook is anything to go by, then there is plenty of optimism
for the long term price to be trending upwards going forward. But before we go any further,
let’s hear from Amir Adnani the Founder and CEO of Uranium Energy
on what the outlook for Uranium is and what they are doing to be a low cost uranium miner.
So a really interesting outlook and their commitment
to continue acquiring and developing low cost uranium miners in the United States.
What’s also interesting with this stock is that they have a diversified asset portfolio
and low cost in situ recovery and production ready assets.
Of which 58m pounds is measured and indicated inventory of uranium
and another 45m which is inferred with their asset base spanning across the Americas.
They also have an 18% stake in Uranium Royalty Corp which is a pureplay Uranium royalty and
streaming company. So not only are they directly involved in the mining activities, they also
have exposure to the streaming side as well, which gives it a good hedge and steady stream of income.
In terms of upcoming milestones, their Hobson project is fully licensed and permitted
with a physical capacity at 2M lbs / year. The Palangana in situ recovery Mine has a
First Producing Mine Proof of Concept with a 6 month production timeline.
The Burke Hollow ISR Project Advancing Towards Uranium Extraction with major permits issued.
This project is expected to be the Newest & Largest ISR Wellfield Being Developed in the U.S
So with that said, let’s take a look at this In Situ recovery (ISR) process
and why its game changing for them.
The top shareholders in UEC own over 21.3% of the company, which is a mix of mostly the
world’s largest Institutional Investors including State Street, BlackRock and The Vanguard Group,
given UEC is already on the Russel 3000 Index. The largest of which is State Street,
which owns over 18.9m shares with a weighting of over 8% of total shares outstanding.
So with the exception of Blackrock and Vanguard doing a bit of rebalancing,
the remainder of these top shareholders have been loading up on this penny stock.
UEC has 2 analysts covering the stock, with a moderate buy recommendation on the stock.
The analyst consensus upper range price target at $5 per share presents a +70% upside based on
the latest consensus estimates. So, you want to strike in at a price which you like and one that
works for you. So I’ll start by cost averaging in with a stop loss ideally in the range of 5 – 10%.
The share price has been volatile with plenty of pull back opportunities presenting lots of
good entry points.. So my strike price is in the range of $2 – 2.5 per share...
So if there’s any further pull back lower than $2.5, that would be a good entry
point for a 100% upside over the long term But please do your own research.
So some really really exciting times ahead for this uranium penny stock. This video is not
financial advice, a buy or a sell recommendation, but is meant to bring some new and exciting penny
stocks to your attention for you to do your own research.. As always I would love to hear
from you, so please let me know your thoughts on this penny stock in the comments section below
and what other uranium penny stocks are catching your eyes lately.
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