3. Uranerz Energy (URZ) engages in the acquisition, exploration and development of uranium properties. The company is focused on exploring properties in the Powder River Basin area of Wyoming.
Two of Uranerz's projects are in the final permitting and licensing stage. The company received the Wyoming department of Environmental permit in late December 2010 for production and is currently awaiting license to construct the Nicholas Ranch uranium mine, where production is expected to start in the first half of 2012.
The company has already entered into long-term uranium sales contracts with two of the largest nuclear facilities in the U.S., including Exelon.Analysts expect the stock to deliver an upside of 85% with a buy rating of 100%. The stock rose 76% in the last one year and is trading at 33 times its estimated 2012 earnings.