Uranium bull and stock guru Jeb Handwerger, editor of GoldStockTrades.com, give his insight into what the spot price really tells investors and why he’s still excited about uranium mining stocks.
Articles Tagged "uranium prices"
Improving stock prices in the face of depressed uranium prices may be a bullish signal for savvy investors.
NASDAQ.com reported that the recent slide in uranium prices could mean some buying opportunities, with analysts suggesting that the price could climb to $70/lb on a ramp up of demand, and eventual tightening of supply.
Platts reported that a growing uranium supply has pushed spot uranium prices down to a seven-year low.
Platts reported that spot uranium prices are stabilising, reversing earlier declines and hovering closer to $4o/lb.
The West Australian reported that spot uranium prices fell to below $40/pound for the first time since August 2009, placing pressure on uranium explorers.
Globe and Mail reported over time the investment opportunity in uranium will be restored.
Financial Post reported JPMorgan downgraded Cameco Corp. (TSX:CCO,NYSE:CCJ) and Uranium One Inc. (TSX:UUU) to neutral from overweight on the expectation that uranium prices will remain under $50 a pound.
Uranium Investing News talks shop with resource stock guru Rick Mills, who believes a perfect storm of increasing demand alongside dropping above-ground supply will create ideal conditions for near-term producers.
China has reduced its 2015 nuclear energy capacity target from 50 gigawatts to 40 gigawatts — yet the Asian nation still needs to more than triple its current installed capacity of 12.54 gigawatts to meet that target.