Eight Capital bullish on uranium sector, raises PTs

Ur-Energy

07/04/2021 18:45

** Eight Capital raises PT on select uranium producers, says
brokerage remains constructive on the prospects for improving
nuclear policy initiatives
    ** Raises PTs on Uranium Energy Corp   UEC.A  to $3.90 from
$1.70, Cameco Corp  CCO.TO  to C$22 from C$20, Ur-Energy Inc 
 URG.A  to C$2.45 from C$1.40
    ** Says investor perception surrounding nuclear continues to
improve as a viable power source for a carbon-neutral future,
which has allowed the inclusion of uranium equities as part of
the clean energy theme
    ** Eight Capital says it believes higher multiples for
uranium equities appear sustainable  
    ** Top picks for uranium and clean energy exposure are: 
Energy Fuels  UUUU.A , NexGen Energy  NXE.TO  and Fission
Uranium  FCU.TO  
    ** Estimates the most recent phase of synchronized buying in
the spot market has shifted the uranium market into deficit

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))