Yellow Cake PLC 48.3% potential upside indicated by Berenberg Bank

Yellow Cake PLC with ticker (LON:YCA) now has a potential upside of 48.3% according to Berenberg Bank.



Berenberg Bank set a target price of 883 GBX for the company, which when compared to the Yellow Cake PLC share price of 596 GBX at opening today (14/03/2024) indicates a potential upside of 48.3%. Trading has ranged between 352 (52 week low) and 750 (52 week high) with an average of 1,067,327 shares exchanging hands daily. The market capitalisation at the time of writing is £1,281,545,364.

Yellow Cake plc is a Jersey-based uranium-focused company. The Company offers direct exposure to the spot uranium price without exploration, development, mining, or processing risk and to other commercial opportunities in the uranium sector. The Company operates in the uranium sector and holds physical uranium oxide (U3O8). The Company is engaged in uranium-related transactional activities, such as uranium location swaps. It is also involved in other operational and financial transactions on an opportunistic basis to secure exposure to uranium, including streaming and royalties and other financing opportunities. The Company holds approximately 18.8 million pounds of U3O8, which is held in a storage account at Cameco’s Port Hope/ Blind River facility in Ontario, Canada and in Orano Cycle’s Malvesi/ Tricastin storage facility in France. The Company is organized into a single operating segment being the holding of U3O8 for long-term capital appreciation.