H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Energy Fuels Inc (UUUU) today and set a price target of $4.50. The company’s shares closed yesterday at $3.09.
Ihle said:
“We note that the Mill is the only operating conventional uranium and vanadium production facility in the United States.”
According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.2% and a 28.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Energy Fuels Inc with a $4.63 average price target.
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Based on Energy Fuels Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $13.81 million. In comparison, last year the company had a GAAP net loss of $8.02 million.
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Energy Fuels, Inc. is a mining development company, which engages in the exploration, evaluation, and permitting of uranium and vanadium properties. Its projects include Nichols Ranch, Alta Mesa, and White Mesa Mill. The company was founded by George E. L. Glasier on June 24, 1987 and is headquartered in Lakewood, CO.
