Our commodity team has raised its near-and-long term U3O8 price forecasts on the back of a more imminent Russian nuclear fuel ban, and potential continuations of problems with mine development in Kazakhstan and Niger," the analysts said in a note dated 25 January.
"The main driver of the uranium bull market has been the closure of mines due to low prices last decade, exacerbated by the shift towards non-Russian enrichment capacity that led to overfeeding and raised uranium demand."
The average uranium price forecast was raised to US$101 in 2024 and US$110 in 2025, with long-term pricing raised to US$115 (from $87). The new price assumptions resulted in 30% higher EBITDA assumptions for Paladin Energy between FY25-27.
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Close
1-Week
Target Price
Prev Target Price
% Dif
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11.8%
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$1.30
11.5%
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$51.85
6.6%
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$1.61
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6.8%
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1 | 2018 | 4.570 |
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Price($) | Vol. | No. |
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Change
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