From Yahoo Finance: 2025-06-04 07:27:00

Uranium Energy Corp. (UEC) saw a significant 11.77% jump in stock price on Tuesday, closing at $6.36 per share after receiving positive analyst ratings. BMO Capital gave UEC an “outperform” rating with a price target of $7.75, reflecting a 21.8% upside from its previous closing price.

BMO Capital praised UEC’s low-capital “hub and spoke” model strategy, along with its strong financial position, which provides production flexibility and funding options. Another investment firm, Stifel, maintained a “buy” recommendation on UEC with a price target of $10.50.

Stifel’s coverage coincided with UEC’s commencement of production at its Christensen Ranch project in Wyoming and progress on the Burke Hollow project, with first production expected in 2025. This positive news contributed to the stock’s recent surge.

Read more: Why Uranium Energy Corp. (UEC) Skyrocketed On Tuesday