Uranium spot prices could pass $50/lb. in next 12 months, analyst says

• Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
• The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
• Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
• ETFs: URA, NLR, NUCL