Boss Energy Ltd (ASX: BOE) shares are pushing higher today.
Shares in the S&P/ASX 300 Index (ASX: XKO) uranium stock closed Friday trading for $1.22. In afternoon trade on Monday, shares are changing hands for $1.235 apiece, up 1.2%.
For some context, the ASX 300 is down 0.2% at this same time.
Despite today's uptick, Boss Energy shares remain down 26.5% over the past 12 months, well behind the 3.3% one-year gains posted by the ASX 300.
And looking ahead, Far East Capital's Warwick Grigor forecasts further headwinds for the Aussie uranium miner (courtesy of The Bull).
Here's why.
Image source: Getty Images
Time to sell Boss Energy shares?
"Boss Energy is a multi-mine uranium producer," Grigor said. "It owns the Honeymoon project in South Australia and has a 30% stake in the Alta Mesa project in South Texas."
Commenting on the miner's share price woes, he noted, "The shares have fallen from $4.62 on June 23, 2025 to trade at $1.205 on July 30, 2026."
And summarising his sell recommendation on Boss Energy shares, Grigor concluded:
Boss cut production guidance at its Honeymoon operation in response to bad weather impacting third quarter production. In my view, company performance has fallen well short of expectations as indicated by the market examining its track record and questioning its outlook.
It's time to consider moving on from BOE in what can be a volatile sector.
What's the latest from the ASX 300 uranium stock?
Boss Energy released its June quarter update (Q4 FY 2026) on 29 July.
As Grigor mentioned above, the miner's third-quarter uranium production – and Boss Energy shares – were impacted by heavy rains. Following that slowdown, production lifted 76% quarter on quarter in Q4, with Boss producing 362,000 pounds of uranium over the three months.
A strong fourth quarter helped the company meet its downwardly revised full-year FY 2026 production guidance.
The company did not provide FY 2027 guidance. Management noted that will be provided once the New Feasibility Study for its Honey project is completed around the end of August.
Boss Energy CEO and managing director Matthew Dusci said:
While FY26 has been a challenging year for Boss, I am confident in our pathway forward and I look forward to outlining this in detail to the market with the release of our New Feasibility Study which supports an updated Life-of-Mine Plan…
Dusci added:
We have established a strong operating platform with the processing infrastructure now in place, a proven processing flowsheet, six producing wellfields and a much stronger understanding of the deposit and the optimal wellfield design.
