Jul. 31 at 1:55 PM
$URA $UEC
Cameco missed earnings expectations, but the real story was management’s highly bullish outlook.
Bank of America maintains a uranium price target of
$126/lb by the end of 2026. Even if uranium reaches only 80% of that target, prices would still be around
$101–102/lb — close to last year’s highs.
That scenario could provide a strong tailwind for uranium equities and potentially push URA back into the
$60–65 range and UEC 18 19.
For medium- to long-term horizon, the
$36–40 area in URA and 8 -10 UEC continues to look like an attractive accumulation zone. The broader uranium bull thesis remains firmly intact.
