|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||-1.17|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Uranium prices may be trading around $20.50 a pound, the highest level in a month, but there is little to celebrate given the nuclear fuel is trading at a fraction of the $150 a pound it fetched in 2007. While the short term looks tough, production deficits could boost prices over coming years: We forecast uranium prices will increase significantly through our forecast period due to cost curve economics, declining contract coverage, and required incentive price for new mine supply. As cost curve economics take effect and contract coverage declines in 2019-2021, we forecast an increase to $30-40/lb. Post-2021, we believe the market should move towards a deficit and new mine supply may be required, resulting in uranium prices at $50/lb in 2022, $60/lb in 2023-2025 and $70/lb in 2026-2028.
Are Rio Tinto Limited (ASX:RIO) shares a bargain at this share price?
The S&P/ASX 300 closes 0.6% higher, but these 5 were sold off