The uranium market did extremely well exactly one year ago, around year end, and help quite well this year even if it was volatile. InvestingHaven’s research team suggested there is a significant probability that the uranium market could be very bullish 2018. So what does that mean for uranium miners: which uranium stock will the outperformer in case the uranium market breaks out in 2018? The short answer: we believe Uranium Energy Corp (symbol UEC) is extremely well positioned to outperform its peers in 2018 once the uranium market breaks out.

Note that we have been bullish on UEC throughout this year. The underlying message basically was that it was worth accumulating this stock. This is what we wrote earlier:

Uranium Energy Corp (UEC) sector leader among uranium stocks (summer of this year)

Uranium stock UEC goes for bullish breakout (spring of this year)

Now we take this viewpoint one step further: if (and that is a big IF) the uranium market breaks out, which is a very likely scenario as we have outlined in our uranium 2018 forecast, we are convinced that Uranium Energy Corp (UEC) will be the outperformer in the market, and that it will become a multi-bagger in a short period of time.

Uranium Energy Corp (UEC): explosive stock price potential going into 2018

The fundamentals of the uranium market going into 2018 have been outlined in the 2018 forecast (hyperlink in the intro of this article).

The fundamentals of UEC as a company were described in the articles highlighted above. This is the quote that says it all:

UEC has a very smart strategy: it has accumulated uranium in the last years (since the bear market begun) with the intention to sell it once prices turn higher. That is very smart to say the least. It also suggests that UEC should be able to ‘sniff’ higher prices, making it a leading indicator for the space.

UEC has a market cap of $210M at the moment of writing, according to Yahoo! Finance. They have a small loss of $0.14 per share. Now that obviously will change once the uranium price even slightly rises, because of the high volume of uranium they have piled up in the bear market.