Energy Fuels (UUUU – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Joseph Reagor from Roth MKM remains neutral on the stock and has a $9.25 price target.
Joseph Reagor has given Energy Fuels Inc. (UUUU) a Buy rating due to a combination of factors, including the company’s recent advancements in uranium production and potential strategic partnerships. Energy Fuels has initiated uranium production from three of its mines and is planning to bring two more mines online within the next year. This development represents a significant step forward for the company, suggesting that it has effectively managed its startup costs and is well-positioned for future production scaling.
Moreover, Reagor acknowledges the memorandum of understanding (MOU) with Astron Corporation as a noteworthy move that could lead to a joint venture and a beneficial off-take agreement, although it currently does not factor into the valuation model pending further analysis and confirmation of the deal’s terms. Despite these positive developments, Reagor chooses to maintain the valuation and price target for UUUU at $9.25, opting to reassess the potential impact once the Astron transaction is finalized and more details become available.
In another report released on December 29, Cantor Fitzgerald also maintained a Buy rating on the stock with a $10.00 price target.
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Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UUUU in relation to earlier this year.
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Energy Fuels (UUUU) Company Description:
Energy Fuels, Inc. operates as a mining development company. It engages in the exploration, evaluation and permitting of uranium and vanadium properties. The firm projects include Nichols Ranch, Alta Mesa and White Mesa Mill. The company was founded by George E. L. Glasier and John David Mason in 1987 and is headquartered in Lakewood, CO.
Read More on UUUU:
- Cantor Fitzgerald ‘mixed’ on Energy Fuels’ MOU with Astron for rare earth
- Energy Fuels enters MOU to develop Donald Rare Earth and Mineral Sands Project
- Energy Fuels names Nathan Bennett Chief Accounting Officer and Interim CFO
- Energy Fuels price target raised to C$13 from C$12.50 at Canaccord
- China’s New Export Policy Lifts Shares of MP and UUUU
