Uranium energy is scheduled to rally as the US focuses on securing domestic fuel supplies to meet President Donald Trump’s goals for nuclear power generation by 2050, according to BMO Capital Markets. BMO began compensation for uranium energy on Tuesday, setting a buy rating and a stock price target of $7.75 per share, meaning a 36% increase from the company’s recent recent $5.69. The BMO’s decision to cover uranium miners comes after Trump issued a series of executive orders on May 23 to reinvigorate US nuclear power generation, including a push to strengthen domestic uranium supply chains. The UEC is set to become the largest producer of uranium concentrates, a nuclear fuel source, in the United States, BMO analyst Alexander Pierce told clients. UEC 6M Mountain Uranium Energy Stock for the past six months. “With a marketing strategy aimed at achieving uranium prices close to the spot, shareholders are standing to benefit from our expectations of rising uranium prices environment,” Pierce told the client in a memo. According to BMO, the UEC owns a substantial portfolio of uranium assets in Arizona, Canada, New Mexico, Texas and Wyoming. The company is currently intensifying its uranium mining and processing operations in the Powder River Basin in Wyoming. According to BMO, Wyoming Operations is on track to evacuate the first shipment of uranium concentrates imminently and introduce production of up to 1.1 million pounds in 2026. According to BMO, Texas operations are expected to begin production in the middle of 2026. Pipeline for the UEC uranium project “”can become a significant contributor to future national requirements,” Pierce said. “It certainly could be a modest premium for US material,” he said. UEC stocks have earned almost 16% since Trump’s actions on nuclear power. Stocks have fallen by around 9% this year.
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