Yellow Cake’s (YCA) “Buy” Rating Reiterated at Berenberg Bank

by · The Markets Daily

Berenberg Bank reiterated their buy rating on shares of Yellow Cake (LON:YCA – Free Report) in a research note released on Friday,Digital Look reports. The brokerage currently has a GBX 734 price target on the stock.

Yellow Cake Price Performance

YCA opened at GBX 530 on Friday. The company has a market capitalization of £1.33 billion, a price-to-earnings ratio of 2.91 and a beta of 0.30. Yellow Cake has a 1 year low of GBX 495.20 and a 1 year high of GBX 751.52. The business’s 50-day moving average price is GBX 552.97 and its two-hundred day moving average price is GBX 580.12.

About Yellow Cake

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Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.

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