UBS has reduced its 2016 uranium price forecast by 6.0% to US$37/lb. Risks are considered to the downside until Japanese re-starts gather pace and supply starts to reduce.
UBS retains a Sell rating. Target is lowered to 18c from 25c.
Target price is $0.18.Current Price is $0.35. Difference: ($0.17) – (brackets indicate current price is over target). If ERA meets the UBS target it will return approximately -94% (excluding dividends, fees and charges – negative figures indicate an expected loss).