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Uranium could hit $80/lb by December: Canaccord

CANACCORD Genuity analysts believe the uranium spot price will continue to rise over the coming weeks, peaking as high as US$80 per pound by year-end as the Sprott Physical Uranium Trust continues to hoover up volumes for its physical uranium fund.

Tom Hoskyns
Image: iStock/kasezo

Image: iStock/kasezo

According to Canaccord's calculations, SPUT still has $889 million available for uranium purchases out of a total facility of $1.3 billion. Sprott has bought an average of 2.3Mlb per week since launching...

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