Latest news for Yellow Cake (OTC:YLLXF) Stock

Yellow Cake PLC is a specialist company operating in the uranium sector. The principal activity of the company is to invest in uranium projects. It invests in quoted or unquoted companies producing, developing, or exploring for uranium in Canada, the United States, Australia, and South Africa. The company's only segment being the holding of uranium oxide concentrate (U3O8) for long-term capital appreciation.

News

Penny Stocks

Small Cap

Markets

Trading Ideas

DYLLF

PALAF

YLLXF

Uranium Expert Says &#39;Serious Issues&#39; Face Industry

Uranyl,Nitrate,Or,Uranium,Is,A,Yellow,Water-soluble,Uranium,Salt

Large Cap

Hedge Funds

Commodities

MCQEF

NATKY

SRUUF

Goldman Sachs is writing options on physical uranium for hedge funds, marking the investment bank&#39;s first derivative created for the metal.

Goldman Sachs Enters Uranium Derivatives Market As Prices Double To $102 Per Pound

Analyst Color

Price Target

Reiteration

Analyst Ratings

PENMF

EGARF

Uranium stocks are the latest to grab the attention of Reddit’s WallStreetBets community, and surging uranium futures prices have prompted one Wall Street analyst to raise his triuranium octoxide price targets.

Why BofA Is Raising Its 2022 Uranium Price Forecast By 41%

Yellow Cake PLC

<p><i>$199 HERO Joins New Flagship HERO13 Black in Global Distribution Rollout</i></p>
<p>SAN MATEO, Calif., Sept. 23, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) announced that its new $199 "4K'ing Tiny" camera, simply named "HERO", is now available on retail shelves around the world and for purchase online at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4260322-1&amp;h=1191966751&amp;u=http%3A%2F%2Fwww.gopro.com&amp;a=GoPro.com">GoPro.com</a>.&nbsp;</p>
<p>Weighing just 86 grams, the tiny new 4K HERO camera is waterproof, durable and combines GoPro's simplest user interface ever with sharp 4K video, 2x slo-mo at 2.7K resolution, and 12 megapixel photos. At $199, HERO is now GoPro's most affordable camera, making it ideal for travelers, creators, families, kids and adventure seekers looking for the simplest, lightest weight, most affordable camera with GoPro's legendary durability and versatility.</p>


GPRO

GoPro Announces That Its New $199 "4K'ing Tiny" Camera, Simply Named "HERO", Is Now Available On Retail Shelves Around The World

WIIM

LTRY

Lottery.com shares are trading higher after the company announced its subsidiary Sports.com has expanded its geographic reach by launching its platform and content in new markets across Asia.

<p><i><strong>New solution leverages extensive history of innovation to better serve growing ecommerce market</strong></i></p>
<p>Pitney Bowes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>), a global shipping and mailing company, today announced the launch of ShipAccel, a digital platform designed to simplify and enhance shipping operations with advanced ecommerce technology. This launch reinforces Pitney Bowes' offerings in the ecommerce market, now aimed at equipping shippers with technology that addresses their evolving needs.</p>


Pitney Bowes Enhances Ecommerce Shipping With ShipAccel, Leveraging History Of Innovation To Better Serve Growing Ecommerce Market

<ul>
<li>Turbochargers to boost General Motors' Chevrolet Corvette ZR1 featuring 5.5-liter flat plane crankshaft V8 engine</li>
<li>Turbochargers utilize patented decoupled ball bearing system, enabling faster response time, higher durability, and limited noise
<ul>
<li>Long-standing reputation with NTT INDYCAR SERIES played role in selection</li>
</ul>
</li>
</ul>


BorgWarner Launches Passenger Car Twin Turbochargers To Power General Motors' Corvette

Contracts

CLNV

Clean Vision Signs EPC Agreement With UPS Industrial Services For West Virginia Facility; Terms Not Disclosed

Offerings

TMUS

T-Mobile Announces Public Offering Of Senior Notes To Fund General Corporate Purposes, Including Share Repurchases And Debt Refinancing

<p>B. Riley Securities  analyst Hal Goetsch   maintains Priority Tech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTH#NASDAQ">PRTH</a>) with a Buy and raises the price target from $11 to $13.</p>


PRTH

B. Riley Securities Maintains Buy on Priority Tech Holdings, Raises Price Target to $13

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a></p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60784b4c4853ea0001b62900/gil-luria">DA Davidson analyst Gil Luria</a> downgraded the rating for <strong>Microsoft Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) from Buy to Neutral and announced a price target of $475. Microsoft shares fell 0.8% to close at $435.27 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein analyst Daniel Roeska downgraded <strong>General Motors Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) from Outperform to Market Perform and announced a price target of $53. GM shares gained 0.5% to close at $48.88 on Friday. <a href="https://www.benzinga.com/quote/GM/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61387715a3c6b90001ec2bda/clarke-jeffries">Piper Sandler analyst Clarke Jeffries</a> downgraded the rating for <strong>GoDaddy Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) from Overweight to Neutral, but raised the price target from $160 to $172. GoDaddy shares gained 0.3% to close at $160.55 on Friday.<a href="https://www.benzinga.com/quote/GDDY/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>TD Cowen analyst Oliver Chen downgraded <strong>Ulta Beauty, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) from Buy to Hold and announced a price target of $395. Ulta Beauty shares fell 0.3% to close at $402.01 on Friday. <a href="https://www.benzinga.com/quote/ULTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Patrick O&#8217;Shaughnessy downgraded the rating for <strong>S&amp;P Global</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) from Outperform to Market Perform. S&amp;P Global shares fell 0.1% to close at $523.67 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying MSFT stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23084346/image-178-1024x512.png" alt="" class="wp-image-561005" style="width:580px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23084346/image-178-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23084346/image-178-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23084346/image-178-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23084346/image-178.png 1345w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/40962695/jim-cramer-viking-has-many-ships-coming-in">Jim Cramer: Viking Has &#8216;Many Ships Coming In&#8217;</a></strong></li>
</ul>


Downgrades

Pre-Market Outlook

GDDY

MSFT

SPGI

ULTA

This Microsoft Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

KAVL

Kaival Brands Innovations Group shares are trading higher after the company and Delta Corp Holdings  entered a merger and share exchange agreement.

Biotech

General

COSM

VRAX

Cosmos Health Enters Exclusivity Agreement With Virax Biolabs To Distribute Mpox Real-Time PCR Detection Kits In India

<p>As of Sept. 23, 2024, three stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>ICICI Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBN#NYSE">IBN</a>)</strong></h3>
<ul>
<li>On July 31, ICICI Bank Limited filed annual report on Form 20-F for the fiscal year 2024. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/IBN">52-week high of</a> $31.60.</li>
<li><strong>RSI Value:</strong> 79.28&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>IBN Price Action:</strong> Shares of ICICI Bank gained 2% to close at $31.38 on Friday.</li>
</ul>
<h3 class="wp-block-heading"><strong>HDFC Bank Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>)</strong></h3>
<ul>
<li>On July 22, JP Morgan analyst Saurabh Kumar downgraded HDFC Bank from Overweight to Neutral. The company's stock gained around 8% over the past month and <a href="https://www.benzinga.com/quote/HDB">has a 52-week high</a> of $67.44.</li>
<li><strong>RSI Value:</strong> 79.06</li>
<li><strong>HDB Price Action:</strong> Shares of HDFC Bank rose 1.4% to close at $65.73 on Friday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Jefferies Financial Group Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>)</h3>
<ul>
<li>On Sept. 17, UBS initiated coverage on the stock with a Buy rating and announced a $67 price target. The company's stock gained around 6% over the past five days and has a <a href="https://www.benzinga.com/quote/JEF">52-week high</a> of $62.67.</li>
<li><strong>RSI Value:</strong> 70.42</li>
<li><strong>JEF Price Action:</strong> Shares of Jefferies Financial fell 0.4% to close at $62.07 on Friday.  </li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/40962695/jim-cramer-viking-has-many-ships-coming-in">Jim Cramer: Viking Has &#8216;Many Ships Coming In&#8217;</a></strong></li>
</ul>


Short Ideas

Top 3 Financials Stocks That May Plunge In September

<p>JMP Securities  analyst Jason West   reiterates Marinus Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNS#NASDAQ">MRNS</a>) with a Market Outperform and maintains $10 price target.</p>


MRNS

JMP Securities Reiterates Market Outperform on Marinus Pharma, Maintains $10 Price Target

<p>On Monday, <strong>Ideal Power Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPWR#NASDAQ">IPWR</a>) announced an agreement with Sekorm Advanced Technology (Shenzhen) Co to distribute Ideal Power's products throughout China.</p>
<p>"This leading demand-creation distributor addresses B-TRAN target industrial and automotive markets in China, the world's largest market for power semiconductors. We look forward to collaborating with Sekorm to secure orders that may potentially lead to design wins and/or custom development agreements," Ideal Power CEO Dan Brdar said.</p>
<p><strong><em>Also Read:</em></strong><em> <a target="_blank" href="https://www.benzinga.com/news/24/08/40252763/exclusive-ideal-power-secures-global-distribution-deal-with-ryosho-usa" rel="noreferrer noopener">EXCLUSIVE: Ideal Power Secures Global Distribution Deal with RYOSHO USA</a></em></p>
<p>Ideal Power has agreements with three distributors with demand generation expertise and comprehensive customer networks that expand its global reach: Richardson Electronics for the international distribution of Ideal Power's products; RYOSHO U.S.A, INC, a subsidiary of RYODEN CORP for the worldwide distribution of Ideal Power's products with particular strength in Japan; and Sekorm Advanced Technology (Shenzhen) Co for distribution of Ideal Power's products throughout China.</p>
<p><strong>Price Action:</strong> IPWR stock closed higher by 7.90% at $8.74 on Friday.</p>
<p><strong>Also Read:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/08/40220352/exclusive-ideal-power-collaborates-with-third-automaker-on-advanced-ev-contactors" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Ideal Power Collaborates With Third Automaker on Advanced EV Contactors</a></strong></li>
</ul>


Government

Regulations

Market-Moving Exclusives

Exclusives

IPWR

EXCLUSIVE: Ideal Power Partners With Sekorm, Driving Expansion in China's Semiconductor Market

Delta Corp Holdings Merges With Kaival Brands To Create Publicly Traded Asset-Light Logistics Company, Valued At $619M In Revenue For 2023, With Deal At 359% Premium To Kaival's Current Stock Price

<p>B. Riley Securities  analyst David Bain   maintains Golden Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) with a Buy and lowers the price target from $44 to $40.</p>


GDEN

B. Riley Securities Maintains Buy on Golden Entertainment, Lowers Price Target to $40

QUAD

Quad/Graphics To Use Google Cloud Services

<p><i>Current Executive Vice President and Chief Financial Officer Bret Conklin announces retirement plans for 2025 and Chief Operating Officer Stephen McAnena assumes responsibility for all business operations</i></p>


Management

Horace Mann Appoints Ryan Greenier To Executive Vice President And CFO

<p>B. Riley Securities  analyst Alex Rygiel   downgrades Tecnoglass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGLS#NYSE">TGLS</a>) from Buy to Neutral and raises the price target from $60 to $69.</p>


TGLS

B. Riley Securities Downgrades Tecnoglass to Neutral, Raises Price Target to $69

<p>Zelman &amp; Assoc   upgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Neutral to Outperform.</p>


Upgrades

Zelman & Assoc Upgrades Lennar to Outperform

<p>In the last three months, 9 analysts have published ratings on Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), offering a diverse range of perspectives from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Ciena and provided 12-month price targets. The average target is $62.0, accompanied by a high estimate of $68.00 and a low estimate of $46.00. This current average has increased by 12.48% from the previous average price target of $55.12. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727096474_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>The standing of Ciena among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jim Suva</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$68.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Tal Liani</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$59.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Tim Long</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$67.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Tim Savageaux</td>
<td>Northland Capital Markets</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$68.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Ciena. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Ciena compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ciena's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/CIEN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Ciena analyst ratings.</strong></a></p>
<h2>Discovering Ciena: A Closer Look</h2>
<p>Ciena Corp is a network and technology company. It provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. It serves various industries such as communication services providers, web-scale providers, cable operators, government, and large enterprises world-wide. The business activities function through Networking Platforms; Platform Software and Services; Blue Planet Automation Software, and Global Services segments. Geographically, its presence is seen in the markets of the United States, Canada, the Caribbean, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The maximum revenue is generated from Americas.</p>
<h3>Ciena: Delving into Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Ciena's revenue growth over a period of 3 months has faced challenges. As of 31 July, 2024, the company experienced a revenue decline of approximately <strong>-11.76%</strong>. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> Ciena's net margin is impressive, surpassing industry averages. With a net margin of <strong>1.51%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Ciena's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>0.49%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>0.25%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Ciena's debt-to-equity ratio is below the industry average at <strong>0.55</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


CIEN

9 Analysts Assess Ciena: What You Need To Know

Goehring & Rozencwajg Q4 2023 Natural Resource Market Commentary

URNM And URNJ: Access Pure-Play Uranium With Sprott ETFs

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Thanks to supply-demand issues, uranium prices are at&nbsp;<a href="https://www.wsj.com/finance/commodities-futures/uranium-prices-jump-to-16-year-high-on-supply-woes-analysis-05c7086f">16-year highs</a>. And they&rsquo;re not likely to come down any time soon, creating an opportunity for beaten-down uranium stocks.</p>



<p>To start,&nbsp;one of the world&rsquo;s biggest producers of uranium, Kazatomprom just said, &ldquo;It will produce only 80% of its permitted maximum uranium output allowed under Kazakh subsoil usage contracts, instead of the previously announced 90% level,&rdquo;&nbsp;<a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/020124-kazakh-uranium-miner-kazatomprom-says-will-produce-only-80-of-permitted-levels-in-2024">as noted by S&amp;PGlobal.com</a>.&nbsp;</p>



<p>&ldquo;The company had warned in a Jan. 12 statement about the potential to not meet the previously indicated 90% level due to the sulfuric acid issue and delays in completing construction works at newly developed [uranium] deposits.&rdquo;</p>



<p>On top of that, demand is strongly rebounding. Especially with 22 countries &ndash; including the U.S., Canada, the UK, and France &ndash;&nbsp;pledging to <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/120223-cop28-22-nations-pledge-to-triple-nuclear-generation-capacity-by-2050">triple their nuclear capacity by 2050</a>. Fueling further upside, <a href="https://www.wsj.com/finance/commodities-futures/uranium-is-finally-running-hot-and-miners-cant-keep-up-e6a79367">uranium miners are struggling</a> to get uranium out of the ground&nbsp;after years of slow demand since Fukushima.</p>



<p>All of which is creating a massive opportunity for uranium stocks.</p>



<h2><strong>Cameco Corp. (CCJ)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p>Since July,&nbsp;<strong>Cameco</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong><span>CCJ</span></strong></a>) rocketed from about $30 to a frothy double-top high of $50. From there, it pulled back to about $40.53, where it&rsquo;s now oversold on RSI, MACD, and Williams&rsquo; %R. From here, I do expect CCJ to again test its former high shortly.&nbsp;</p>



<p>All because the supply-demand scenario isn&rsquo;t cooling. </p>



<p>In fact, according to Cameco CEO Tim Gitzel uranium prices are soaring higher due to global factors that will &ldquo;persist for years,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4065272-uranium-markets-bullish-trend-to-persist-for-years-to-come-cameco-ceo-says">says Seeking Alpha</a>.&nbsp;&ldquo;Market tightness caused by supply chain challenges, ongoing mine depletion, declining secondary supplies, and a decade of underinvestment amid low market prices likely will persist well into the next decade,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4065272-uranium-markets-bullish-trend-to-persist-for-years-to-come-cameco-ceo-says">Gitzel added</a>.</p>



<p>With earnings, the company missed with EPS of C$0.21. However, its C$844 million revenue, up 61% year-over-year (<span>YOY</span>) did beat expectations. Better, its full-year 2024 guidance for C$2.85 billion to C$3 billion was also above estimates for C$2.81 billion.</p>



<h2><strong>NexGen Energy (NXE)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div><p><strong>NexGen Energy</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nxe-stock-quote/"><strong><span>NXE</span></strong></a>) is also oversold on RSI, MACD, and Williams&rsquo; %R. Currently trading at $7.05, the Canadian uranium company could rally back to its initial $8.25.</p>



<p>Helping, the company&rsquo;s Rook I Project is being developed into the largest, low-cost producing uranium mines in the world,&nbsp;<a href="https://www.nexgenenergy.ca/rook-1-project/#:~:text=Feasibility,-Study%20Highlights&amp;text=Extensive%20data%20collection%20and%20testing,uranium%20mine%20in%20the%20world.">according to the company</a>.&nbsp;</p>



<p>It also expects&nbsp;Rook I to produce about <a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">30 million pounds of uranium</a>&nbsp;each year. Even better, it could provide 50% of Western supply at some point. And, while production hasn&rsquo;t started just yet, NXE says it could deliver a free cash flow (<span>FCF</span>) of $2 billion in the first five years.</p>



<p>Also,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted in its investor deck</a>, demand for uranium is expected to jump 127% by 2030. By 2040, demand will be up by 200%. All of which could create a massive 240-million-pound deficit. Worse, that will continue to widen as growth in annual demand is expected to triple by the time 2050 rolls around, as also noted by the company.</p>



<h2><strong>Denison Mines (DNN)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-1600-300x169.jpg" alt="A photo of a uranium mine"><div>Source: John Carnemolla / Shutterstock.com</div></div><p>There&rsquo;s also <strong>Denison Mines </strong>(NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/dnn-stock-quote/"><strong><span>DNN</span></strong></a>), a uranium exploration and development company with interests in the<em>&nbsp;</em>AthabascaBasin region of northern<em>&nbsp;</em>Saskatchewan, Canada,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted on the company&rsquo;s site</a>.&nbsp;</p>



<p>The company also has 95% interest in its Wheeler River Uranium Project &ndash; the &ldquo;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">largest undeveloped uranium project</a>&rdquo; in&nbsp;the &ldquo;infrastructure-rich eastern portion of the&nbsp;Athabasca Basin region of northern&nbsp;Saskatchewan,&rdquo; as well, says Denison Mines.</p>



<p>Even more impressive,&nbsp;<a href="https://finance.yahoo.com/news/denison-reports-impressive-financial-operational-011100912.html">according to President and CEO David Cates</a>,&nbsp;&ldquo;The sheer magnitude of Denison&rsquo;s numerous operational accomplishments in 2023 reflects an extraordinarily productive time for our Company. With the completion of the Phoenix Feasibility Study in June, we have cemented Phoenix&rsquo;s position as a globally leading uranium development project, showcasing Denison&rsquo;s industry leadership in the de-risking and application of the In-Situ Recovery mining method in the Athabasca Basin.&rdquo;</p>



<p>Better still, earnings haven&rsquo;t been too shabby either. For 2023, the company posted EPS from continuing operations of 11 cents &ndash; a 450% jump YOY.</p>



<h2><strong>Energy Fuels Inc. (UUUU)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-300x169.png" alt="Powdered and solid uranium in front of a white background."><div>Source: RHJPhtotos / Shutterstock</div></div><p>We can also look at oversold uranium producer&nbsp;<strong>Energy Fuels</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uuuu-stock-quote/"><strong><span>UUUU</span></strong></a>). With the supply-demand issue, the company has been <a href="https://finance.yahoo.com/news/energy-fuels-uuuu-commences-production-145900433.html">ramping up production</a> at three of its developed mines in Arizona and Utah. It&rsquo;s also preparing two other mines in Colorado and Wyoming with production expected in about a year. And it&rsquo;s advancing a few other larger-scale U.S. mines.</p>



<p>Earnings have been just as solid. EPS of 62 cents was up from a year-earlier loss of 38 cents. Revenue was up 203% YOY to $37.93 million from $12.5 million.&nbsp;</p>



<p>Even better,&nbsp;<a href="https://www.prnewswire.com/news-releases/energy-fuels-announces-2023-results-record-net-income-and-earnings-per-share-uranium-production-ramp-up-and-near-term-production-of-separated-rare-earth-elements-302070233.html">as noted by the company</a>, &ldquo;As long as market prices are strong, we will continue to selectively capitalize on spot market sales opportunities as we ramp up our production, in ways that are unique to our Company, in 2024 and beyond, and with limited capital.&rdquo;</p>



<p>After dropping to about $6 a share, UUUU is slowly pivoting higher. From a current price of $6.33, I&rsquo;d initially like to see it retest $8.25.</p>



<h2><strong>Uranium Royalty (UROY)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-300x169.jpg" alt="uranium, a mineral used in nuclear research"><div>Source: RHJPhtotoandilustration / Shutterstock.com</div></div><p>There&rsquo;s also <strong>Uranium Royalty</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/uroy-stock-quote/"><strong><span>UROY</span></strong></a>), a Canadian company that owns interests in uranium mines in the U.S. and in Canada.&nbsp;It&rsquo;s also oversold after pulling back from $3.67.&nbsp;</p>



<p>Not only is it gaining exposure to uranium prices without ever having to deal with the risks and costs associated with mining, it&rsquo;s also seeing royalties, and receiving payments from uranium mine operators based on production or uranium project sales. It&rsquo;s also exposed to uranium streams, where it makes a payment to an operator in exchange for long-term rights to a fixed percentage of future production,&nbsp;<a href="https://www.uraniumroyalty.com/why-urc/business-strategy/">according to the company&rsquo;s site</a>.</p>



<p>At the moment, it has interest in properties operated by <strong>Uranium Energy Corp</strong>. (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uec-stock-quote/"><strong><span>UEC</span></strong></a>), Cameco, <strong>enCoreEnergy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/eu-stock-quote/"><strong><span>EU</span></strong></a>), <strong>PaladinEnergy</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/palaf-stock-quote/"><strong><span>PALAF</span></strong></a>), and Energy Fuels to name a few of the top ones.&nbsp;</p>



<p>Helping, analysts at&nbsp;Canaccord just <a href="https://realmoney.thestreet.com/recommendations/uroy-uranium-royalty-price-target-raised-by-c-at-canaccord">raised their price target on UROY</a>.&nbsp;<a href="https://www.moomoo.com/news/post/30837259/hc-wainwright---co--maintains-buy-on-uranium-royalty--raises-price-target-to-----">H.C. Wainwright</a>&nbsp;also raised its price target price to $6.40 with a buy rating.&nbsp;</p>



<h2><strong>Sprott Uranium Miners ETF (URNJ)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1007906431-300x169.jpg" alt="clean energy stocks: a nuclear power plant in Belgium"><div>Source: engel.ac / Shutterstock</div></div><p>Or, if you want to diversify with top uranium mining stocks, we can look at an exchange-traded fund (ETF) like the&nbsp;<strong>Sprott Uranium Miners ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/urnj-stock-quote/"><strong><span>URNJ</span></strong></a>).</p>



<p>With an expense ratio of 0.80%, URNJ is a pure-play junior uranium mining ETF that tracks the performance of mid-, small-, and micro-cap uranium-related stocks. Some of its top holdings include Paladin Energy, NexGen Energy, Uranium Energy Corp., Denison Mines, and Energy Fuels to name a few.</p>



<p>Over the last few weeks, the ETF did pullback from about $30 to $24.32. Now oversold, I&rsquo;d like to see the URNJ ETF revisit its prior high initially.&nbsp;</p>



<p>Also,&nbsp;<a href="https://seekingalpha.com/article/4662184-urnj-2024-is-a-year-for-the-junior-uranium-miners-to-outperform">as noted by Seeking Alpha</a>, &ldquo;Historical behavior suggests that small and mid-size uranium miners are likely to catch up and outperform in the near future, especially with potential catalysts&rdquo; such as the current supply-demand issue.</p>



<p>Higher uranium prices, and a recovery in oversold uranium stocks should boost URNJ near term.</p>



<h2><strong>Global X Uranium ETF (URA)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-1-300x169.png" alt="Uranium on top of black rock background."><div>Source: RHJPhtotos / Shutterstock</div></div><p>Another hot, but oversold ETF to consider is the&nbsp;<strong>Global X Uranium ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ura-stock-quote/"><strong><span>URA</span></strong></a>). Since bottoming out in March 2023, the ETF ran from about $18 to a high of $32.60. Now at $27.46, it&rsquo;s also technically oversold. From here, I&rsquo;d like to see in initially retest its prior high and head higher with the supply-demand issues.</p>



<p><a href="https://www.globalxetfs.com/funds/ura/">With an expense ratio of 0.69%</a>, the ETF offers exposure to companies involved with uranium mining, and the production of nuclear components, including extraction refining, exploration, and manufacturing. In fact, some of its top holdings include Cameco, NexGen Energy,&nbsp;<strong>Yellow Cake</strong>&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/yllxf-stock-quote/"><strong><span>YLLXF</span></strong></a>), Denison Mines, and&nbsp;<strong>Boss Energy</strong>&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/bqssf-stock-quote/"><strong>BQSSF</strong></a>) to name a few.</p>



<p>Helping, demand is likely to rise significantly, especially as countries look to nuclear energy, as a key energy source. Geopolitics will also send uranium prices, stocks, and ETFs, like the URA ETF to higher highs. That includes the U.S. ban on uranium from Russia.</p>



<p><em>On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT793992">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/02/wall-street-legend-issues-urgent-ai-code-red/?cid=MKT781156&amp;eid=MKT793990">&ldquo;America&rsquo;s Top Trader&rdquo; Issues A.I. Code Red: Act Now or Miss Out</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793999">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/03/7-nuclear-and-uranium-stocks-to-power-up-your-portfolio/">7 Nuclear and Uranium Stocks to Power Up Your Portfolio</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Nuclear and Uranium Stocks to Power Up Your Portfolio

URNJ: I View The Recent Pullback A Good Buying Opportunity

Goehring & Rozencwajg Q1 2024 Natural Resource Market Commentary

Yellow Cake: Now Trading With An Implied Uranium Price Of $75/Lb

URNJ: Good Industry Developments And The Recent Pullback Offers A Buying Opportunity

Uranium Update: Opportunities On The Right Side Of The Risk Curve

Yellow Cake: Offered At An Implied Uranium Price Of $64/Lb

URNJ: The Demand For Uranium Continues To Grow

AAAU

AAUKF

ACES

AMLP

AMNA

AMZA

BATT

BGRN

BOIL

BQSSF

CANE

CCRV

CHRG

CMDY

CNRG

COMB

COMT

COPX

CORN

CPER

CRAK

CRBN

CTEC

CTEX

DJCB

DRIV

EAGG

EATV

ERTH

FAAR

FENY

FILL

FLMB

FQVLF

FRNW

FTAG

FTGC

FTXN

GCLN

GDXJ

GLATF

GLDM

GOAU

GOEX

GRID

GRNB

GRNR

GRNTF

HDRO

IAUM

ICLN

IVEG

IVPAF

JJATF

JJCTF

JJETF

JJGTF

KOLD

KRBN

KROP

LITP

NGLOY

NRGU

NUBD

OILK

OKLO

OLOXF

OUNZ

PALL

PDBC

PICK

PLTM

PPLT

PSCE

PSLV

QCLN

RAYS

REMX

RING

RNRG

RTNTF

RTPPF

SDCI

SGDJ

SGDM

SGOL

SILJ

SIVR

SLVP

SMOG

SOLR

SOYB

SUSB

TEAF

TEMP

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Yellow Cake

News

Latest news for Yellow Cake (OTC:YLLXF) Stock

Tuesday, July 16, 2024

Tuesday, February 20, 2024

Tuesday, September 14, 2021