Uranium Energy initiated with a Speculative Buy at TD Securities

TD Securities initiated coverage of Uranium Energy with a Speculative Buy rating and $6 price target. The “production-ready” uranium company with principal assets in the U.S. and Canada is “well-positioned” for the turnaround in uranium market, the analyst tells investors. The firm assumes a restart of its Wyoming hub-and-spoke operations in FY25, followed by the company restarting operations in Texas with Burke Hollow in FY27, the analyst noted.