Shaw and Partners has initiated coverage on #uranium explorer and developer @AtomicEagleASX this week with a Buy recommendation and $1.40/share target, upside of nearly 270% on $AEU's current price📈🦅
“In our view Atomic Eagle offers investors an attractive entry point to a coming uranium super-cycle," Head of Research Andrew Hines wrote. "We see the potential for uranium to at least reach US$200/lb in a coming super-cycle, before reverting to a long-term sustainable price of US$120/lb (2026 real $) next decade. We note that on our modelling, Atomic Eagle is one of the cheapest uranium equities on the ASX trading at an EV/Resource of just US$1.70/lb, and an implied uranium price of just US$65/lb."
Read the report here: https://t.co/NQd3qHyn5D