https://www.msn.com/en-au/lifestyle/misc/boss-energy-shares-have-rocketed-90-in-a-month-here-s-why/ar-AA1EqA6S
Summary
Boss Energy shares have surged about 90% in the past month due to strong operational performance and positive market sentiment, despite being down 28% over the past year. The company owns the Honeymoon uranium project in South Australia and has a stake in the Alta Mesa project in Texas, both showing strong production ramp-ups, with Honeymoon expected to exceed its full-year target of 850,000 pounds of uranium.
Brokerages like Macquarie and Bell Potter are bullish, with Macquarie giving an "outperform" rating and a 12-month price target of $4.60, implying nearly 75% upside from current levels. Jefferies also upgraded Boss Energy to "buy" with an average price target around $4.03, suggesting about 92% upside. This optimism is supported by Boss Energy's strong balance sheet, positive cash flow forecasts, and strategic uranium acquisitions, including a significant stake in Canadian uranium explorer Laramide Resources.
The recent surge is partly fueled by supply disruptions at competitor Paladin Energy's Langer Heinrich mine in Namibia, which may tighten global uranium supply and boost prices, benefiting Boss Energy. Additionally, Boss Energy remains the ASX's most shorted stock, and recent price gains may reflect a short squeeze.
Overall, Boss Energy's share price rally reflects strong production, favorable uranium market dynamics with rising demand for nuclear power, positive broker forecasts, and strategic growth moves in uranium assets.
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