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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Berenberg stays at 'buy' on Yellow Cake on tight supplies and supply risk

(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation for shares of Yellow Cake, the uranium oxide concentrate holding company, following a fireside chat with its boss, Andre Liebenberg. Their main conclusion was that following the correction in uranium prices during the first quarter of 2024, the market for uranium was well placed to benefit from tight supply, supply risk and increasing demand.

That was on top of the growing requirement for term material from nuclear utilities.

Hence, they were expecting the 12.7% discount in the shares' price versus the uranium price to narrow.

Their target price was kept at 776p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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