According to The Fly, the Materials sector company, Energy Fuels (EFR), has received a rating update from a Wall Street analyst today. The company received a Buy rating from H.C. Wainwright’s analyst Heiko Ihle.
Ihle noted:
“We also highlight that the firm ended the quarter with 385,000 pounds of uranium in its finished goods inventory, which we feel should provide the flexibility to take advantage of an improved pricing environment that could come from supply and demand fundamentals or domestically produced uranium based on Section 232. Vanadium production should begin this month. Energy Fuels reaffirmed its plan to begin recovering vanadium from tailings pond solutions at its in mid-November.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.8% and a 27.5% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
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The the analyst consensus on Energy Fuels is currently a Moderate Buy rating.
Energy Fuels’ market cap is currently C$406.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 2.13.
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.
The company’s shares closed on Monday at C$5.35, close to its 52-week high of C$5.36.
