Key Points BMO Capital just downgraded Uranium Energy stock. At the same time, H.C. Wainwright raised its price target on the very same stock. Analysts are confused about the stock's value -- no surprise, since Uranium Energy has never earned a profit. 10 stocks we like better than Uranium Energy › Uranium Energy (NYSEMKT: UEC) stock slipped 2% through 10:45 a.m. ET Thursday after BMO Capital pulled its outperform rating and downgraded Uranium Energy to market perform. Uranium Energy shares have ...

Back in January, I initiated coverage on Uranium Energy Corporation (NYSE: UEC ). I rated them a hold because while they had a lot of potential for becoming a major US-based uranium producer, I believed the price was a bit tooI’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for R ...

Core Viewpoint - Uranium Energy Corp (UEC) is strategically positioned in the uranium industry, focusing on mining and production, with significant developments in Wyoming and Texas, and has become the largest U.S. uranium company by estimated resources and production capacity [1] Financial Performance - UEC reported an earnings per share (EPS) of -$0.03, matching estimates, with actual revenue of $8.5 million, slightly below the expected $8.8 million, reflecting ongoing investments in exploration and development [2][6] - The company achieved a total production cost per pound of $36.41, which includes a cash cost of $27.63 and a non-cash cost of $8.78, indicating efficient production processes [3][6] Operational Highlights - UEC has initiated a production ramp-up, producing approximately 130,000 pounds of precipitated uranium and dried and drummed UO as of July 31, 2025 [3] Financial Ratios - Despite a negative price-to-earnings (P/E) ratio of -80.40, UEC maintains a strong current ratio of 10.11, indicating good short-term financial health [4][6] - The price-to-sales ratio stands at 94.14, suggesting investors are paying a premium for each dollar of sales, while the enterprise value to sales ratio is 93.07 [4] Analyst Ratings - Roth Capital analyst Joe Reagor has maintained a Buy rating for UEC, increasing the price target from $10.5 to $11.5, reflecting confidence in UEC's strategic moves and potential for future growth [5]

Financial Data and Key Metrics Changes - Fiscal 2025 was a breakthrough year with initial low-cost production of approximately 130,000 pounds at a total cost of $36 per pound [3][4] - The company maintained a robust balance sheet with $321 million in cash, inventory, and equities, and no debt [4][5] - Revenue for the first half of fiscal 2025 was $68.8 million with a gross profit of $24.5 million from the sale of 810,000 pounds of U3O8 at an average price above $82.50 per pound [5][6] - The second half of fiscal 2025 focused on building inventory, resulting in 1,356,000 pounds of U3O8 valued at $96.6 million [5][6] Business Line Data and Key Metrics Changes - The company achieved substantial scale through the acquisition of the Rio Tinto Sweetwater Complex, expanding licensed capacity to 12.1 million pounds annually [4][7] - The Eri-Gary Central Processing Plant, Hobson CPP, Sweetwater CPP, and Roughrider Project are the four key pillars of production growth [7][8] - The Sweetwater Plant has a licensed capacity of 4.1 million pounds of U3O8 per year and is being adapted for processing loaded ion exchange resins from ISR operations [11][12] Market Data and Key Metrics Changes - The uranium price environment is strong, driven by global demand for nuclear energy and U.S. policy support [6][15] - A structural supply deficit in uranium is projected to continue and widen, reaching a cumulative deficit of 1.7 billion pounds by 2045 [15][16] - The U.S. is currently importing 100% of its nuclear fuel requirements, creating an opportunity for domestic suppliers [46][47] Company Strategy and Development Direction - The company aims to become America's only vertically integrated uranium company, expanding into refining and conversion [4][8] - The launch of URNC is designed to position the company as a leader in the U.S. nuclear fuel cycle [17][32] - The company is focused on building strategic inventory to supply the U.S. strategic uranium reserve and other government programs [6][66] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the favorable policy environment for the uranium industry, particularly regarding U.S. nuclear energy expansion [16][37] - The company is positioned to capitalize on the tightening uranium market and increasing demand for secure domestic uranium supply [17][38] - Management highlighted the importance of government support and strategic partnerships in advancing their initiatives [30][35] Other Important Information - The Sweetwater Complex was designated as a FAST 41 transparency project, expediting ISR permitting for deposits on federal lands [13] - The company has a 100% unhedged strategy to maximize exposure to rising uranium prices [6][25] Q&A Session Summary Question: Production targets for the next 12 months - Management indicated that production is ramping up and could reach multi-million pounds per year, depending on market conditions and government policy [22][24] Question: Strategic uranium reserve and government involvement - Management discussed the potential for government funding and partnerships in the URNC initiative, emphasizing the need for a vertically integrated approach to compete globally [30][32] Question: Upgrades at Eri-Gary and bottlenecks - Management clarified that upgrades are being made to increase capacity, but there are currently no bottlenecks in production [58][60] Question: Inventory build and future sales timing - Management stated that they are focused on pending developments from Washington and are not rushing to sell inventory despite rising prices [66][68] Question: Cash costs and total costs - Management provided details on cash and non-cash costs, indicating that cash production costs are expected to remain stable [81][82]

Financial Data and Key Metrics Changes - Fiscal 2025 was a breakthrough year with initial low-cost production of approximately 130,000 pounds at a total cost of $36 per pound [4][5] - Revenue for the first half of fiscal 2025 was $68.8 million with a gross profit of $24.5 million from the sale of 810,000 pounds of U3O8 at an average price above $82.50 per pound [6] - As of July 31, 2025, the company maintained a robust balance sheet with $321 million in cash, inventory, and equities, and no debt [5][6] Business Line Data and Key Metrics Changes - The company achieved substantial scale through the acquisition of the Rio Tinto Sweetwater Complex, expanding licensed capacity to 12.1 million pounds annually, making it the largest U.S. uranium company by estimated resources and total licensed production capacity [5][7] - The company has 1,356,000 pounds of U3O8 held in inventory, valued at $96.6 million at a market price of $71.25 as of July 31, 2025 [6] Market Data and Key Metrics Changes - The uranium price environment is strong, driven by global demand for nuclear energy and U.S. policy support, with prices rising from around $70 to over $80 per pound [24][61] - A structural supply deficit in uranium is projected to continue and widen, reaching a cumulative deficit of 1.7 billion pounds by 2045 [14] Company Strategy and Development Direction - The company is moving towards becoming America's only vertically integrated uranium company, expanding into refining and conversion with the launch of URNC [5][8] - The company is focused on four key pillars of production growth: Eri-Gary Central Processing Plant, Hobson CPP, Sweetwater CPP, and the Roughrider Project in Canada [7][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to capitalize on opportunities presented by favorable U.S. nuclear policy and a tightening uranium market [15][16] - The company is strategically positioned to meet the growing demand for secure domestic uranium supply, with a focus on building inventory to supply U.S. strategic uranium reserves [6][61] Other Important Information - The Sweetwater Complex was designated as a FAST 41 transparency project, expediting ISR permitting for deposits on federal lands [12] - The company is actively advancing its projects, with significant progress reported at the Christensen Ranch and Brook Hollow sites [10][11] Q&A Session Summary Question: What are the target production ranges for the next 12 months? - Management indicated that production is ramping up and could reach multi-million pounds per year, depending on market conditions and government policy [23][24] Question: Thoughts on the strategic uranium reserve and government involvement? - Management highlighted the importance of the strategic uranium reserve for energy security and national security, with ongoing lobbying efforts to support this initiative [33][34] Question: Updates on the conversion business and vertical integration? - The company is focused on creating an end-to-end capability in the nuclear fuel cycle, which has been well received by market participants [39][40] Question: How will cash costs progress as production ramps up? - Management expects cash production costs to remain stable, with ongoing upgrades aimed at increasing capacity rather than impacting costs [74][75]

Financial Highlights - UEC has a strong balance sheet with $321 million in cash, inventory, and equities at market price as of July 31, 2025[15] - UEC reported $66.8 million in revenue[15] - UEC holds 1.4 million pounds of U₃O₈ in inventory valued at $96.6 million at market prices, excluding approximately 130,000 pounds of initial Wyoming production[15] - UEC anticipates expanding its U S warehoused inventory by another 300,000 pounds through December 2025 purchase contracts at $3705 /lb, in addition to uranium from operations[15] Operational Achievements - UEC produced approximately 130,000 pounds of precipitated uranium and dried and drummed U₃O₈ in Wyoming[10, 28] - The total cost per pound of U₃O₈ was $3641, including a cash cost per pound of $2763 and a non-cash cost per pound of $878, based on 26,421 pounds of dried and drummed U₃O₈ at the end of fiscal 2025[10, 30] - The Burke Hollow ISR project is 90% complete, targeting November 2025 completion, with 615 million lbs Measured and Indicated Resources, and 488 million lbs Inferred resources[10, 35] Resource Base and Growth - UEC has a total resource base of 2301 million lbs U3O8 as Measured & Indicated, 1000 million lbs U3O8 as Inferred, and 175 million lbs Historical[17] - UEC's acquisition of Rio Tinto's Sweetwater Complex adds 41 million pounds U3O8 per year of licensed production capacity and 175 million pounds of historic resources[10, 39] - The Roughrider project has a Post Tax NPV8 of $946 million, an IRR of 40%, and a payback of 14 years, with LOM avg production of 68 M lbs U3O8/yr[23, 44] Strategic Initiatives - UEC launched UR&C with the goal of becoming the only vertically integrated U S company with uranium mining, processing, and planned refining and conversion capabilities[10]

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Stock prices fell and Fed Chair Jerome Powell expressed caution with respect to further interest rate reductions on Tuesday.gettyStock prices fell and Fed Chair Jerome Powell expressed caution with respect to further interest rate reductions on Tuesday.The large-cap S&P 500 index fell 0.6% while the technology-focused Nasdaq Composite dipped nearly 1%. The Dow Jones Industrial Average, focused on blue-chip stocks, fell 0.2%. Powell’s conservative outlook contributed to a retreat from record-high stock price ...

CanAlaska Announces Termination of Cree East Option Agreement - Receives Cree East Project Back UnencumberedSeptember 24, 2025 7:30 AM EDT | Source: CanAlaska Uranium Ltd.$3.4M Investment by Nexus Uranium Generated and Advanced Multiple New Priority TargetsAlteration and Basement-Hosted Uranium Mineralization Associated with Graphitic Fault Zones IntersectedSaskatoon, Saskatchewan--(Newsfile Corp. - September 24, 2025) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" ...

Core Insights - The company, Uranium Energy Corp (UEC), has transitioned from a developer to a producer in fiscal 2025, marking a significant breakthrough year with initial uranium production and advancements in its projects [7][9][10]. Operational Highlights - UEC achieved initial production of approximately 130,000 pounds of uranium concentrate by July 31, 2025, with a total cost per pound of $36.41, including cash costs of $27.63 and non-cash costs of $8.78 [5][10]. - The company has initiated upgrades at the Irigaray Central Processing Plant to support higher production rates and has constructed two new in-situ recovery (ISR) mine units at Christensen Ranch [5][11]. - The Burke Hollow ISR mine project is 90% complete, with operational start-up targeted for December 2025 [5][15]. Financial Highlights - As of July 31, 2025, UEC reported $321 million in cash, inventory, and equities, with no debt [8][9]. - The company generated $66.8 million in revenue and $24.5 million in gross profit from the sale of 810,000 pounds of uranium in the first half of fiscal 2025, with an average sale price of $82.52 per pound [8][9]. - UEC's inventory as of July 31, 2025, included 1,356,000 pounds of uranium valued at $96.6 million, with plans to increase inventory by an additional 300,000 pounds through purchase contracts [5][8]. Policy and Market Context - U.S. nuclear policy is gaining momentum, with President Trump's executive orders aimed at quadrupling nuclear energy and calls for expanding domestic uranium production [4][9]. - The surge in demand for nuclear energy, driven by AI and data center needs, is creating unprecedented support for U.S.-origin uranium and refining capabilities [6][9]. Strategic Initiatives - UEC launched the United States Uranium Refining & Conversion Corp to establish itself as the only vertically integrated U.S. uranium company, covering mining, processing, and planned refining [9][24]. - The acquisition of Rio Tinto's Sweetwater Complex for $175 million added approximately 175 million pounds of historic resources and established UEC's third U.S. production platform [5][18]. - The Roughrider project in Saskatchewan is advancing towards a pre-feasibility study, with significant metallurgical test work completed [5][20].