Jefferies upgraded Boss Energy to Buy from Hold with a price target of A$5.20, up from A$5.10, after the company raised funds to acquire a 30% interest in enCore Energy’s Alta Mesa for $60M and also take a 1.6% equity interest in enCore and provide a 200klb uranium loan. The firm likes the addition of a second production base and a longer term growth platform and upgrades Boss to Buy on share price weakness.
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