The Globe and Mail

The clicking sound you hear is the price of uranium going lower, as Raymond James is forecasting that a pound of yellowcake will fetch an average $75 (U.S.) next year and $80 in 2009, which is down from earlier forecasts of $153 and $125, respectively. 
But the brokerage is sticking with per-pound forecasts of $80, $65 and $50 in 2010, 2011 and 2011, respectively.
Analyst Bart Jaworski writes that the World Nuclear Association is predicting that, among other things,  uranium supply should be more than adequate until 2020, with a potential supply surplus between 2010 and 2015.
As a result, he lowered the price target on Denison Mines Ltd. to $13 (Canadian) from $16.50, but kept the stock at “outperform.”
However, he downgraded Strathmore Minerals Ltd. to “market perform” from “strong buy” and took the price target down to $3.50 from $4.90; sxr Uranium One Inc., to “outperform” from “strong buy,” with a $16.50 price target, down from $19.50; and Ur-Energy Inc., to “market perform” from “strong buy,” with a $4 price target, down from $5.30.