Uranium One

Analysts raise uranium targets as producers show signs of life

One year after Japan’s Fukushima nuclear crisis, analysts are hiking ratings and price targets on uranium companies that have posted some impressive gains of late.

Uranium One reports increase in quarterly net earnings to $29.7 million and average cash cost per pound sold of $15 for Q2 2011

Uranium One Inc. today reported quarterly revenue of $112.9 million for Q2 2011 based on sales of 2.0 million pounds at an average realized sales price of $58 per pound.

Uranium One announces net loss of 142.8 million in fourth quarter

Uranium One, the world’s largest publicly-traded uranium producer, reported on Tuesday a net loss of $142.8 million in the fourth quarter. In 2009 the company reported positive earnings of $179.8 million for the same period.

The loss was attributable to a one-time charges. The company said that the carrying value of the Honeymoon Uranium Project was written down by $113.5  million due to the strengthening of the Australian dollar and increased capital expenditures.