In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Fission Uranium Corp (FCUUF), with a price target of $1.40. The company’s shares closed yesterday at $0.39, close to its 52-week low of $0.35.
Ihle commented:
“We reiterate our Buy rating while lowering our per share price target of $1.50 to $1.40. We note that this reduced price target was attributable solely to a less favorable C$/US$ exchange rate with no other changes in our long-term model.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -7.6% and a 33.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
Currently, the analyst consensus on Fission Uranium Corp is a Moderate Buy with an average price target of $1.40.
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Based on Fission Uranium Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $722.8K. In comparison, last year the company had a GAAP net loss of $942.4K.
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Fission Uranium Corp. explores and develops uranium properties. The firm’s project include Patterson Lake South, which is located in Canada’s Athabasca Basin is host to the Triple R deposit. The company was founded by Devinder Randhawa in 2007 and is headquartered in Kelowna, Canada.
