Energy Metals Corp., an advanced uranium exploration company, is rated "buy" by Brian Mok, an analyst with Research Capital Corp.

The shares closed yesterday at $10.75, up 65 cents on the S&P/TSX. Mr. Mok initiated coverage of the company with a 12-month share price target of $13.

Energy Metals is developing uranium properties in Texas and in the Powder River Basin and Great Divide Basin in Wyoming. It also holds properties in Colorado, Utah, Nevada, Oregon and Arizona.

During the past 12 months, Energy Metals has acquired two companies and it is in the process of acquiring a third as part of its plan to "accelerate the pace towards production," Mr. Mok said. The company's uranium production could reach five million pounds a year by 2012, according to his report. Uranium recently traded at $72 (U.S.) a pound.