The Globe and Mail reports in its Friday, Sept. 29, edition that Raymond James analyst Brian MacArthur has hiked his uranium price forecast for 2023 and 2024. The Globe's David Leeder writes that accordingly, Mr. MacArthur raised his share target for NexGen Energy, which he rates "outperform," to $11 from $9. Mr. MacArthur says in a note: "We believe the combination of growing uncovered demand over the next few years, increased security of supply concerns given the concentrated supply and current geopolitical situation, long lead times for greenfield production and the fact many greenfield projects would need higher uranium prices, and growing financial interest could lead to higher uranium prices. We have increased our uranium price forecasts. Spot uranium prices continue to rise but unlike 2022 when some of the price move reflected financial players, this year we believe the price move is more reflective of end user demand. While our long-term price increase reflects our updated estimate of incentive prices, we note historically prices can trade through incentive prices especially if security of supply issues occur because shutting down nuclear base load electricity is not an attractive/viable option."