In a report released yesterday, Mark Reichman from Noble Financial maintained a Buy rating on Energy Fuels Inc (NYSE: UUUU). The company’s shares closed yesterday at $3.46, close to its 52-week high of $3.64.
According to TipRanks.com, Reichman has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.3% and a 17.9% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.
Energy Fuels Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.13, which is a 19.4% upside from current levels. In a report issued on September 26, H.C. Wainwright also reiterated a Buy rating on the stock with a $4.50 price target.
Based on Energy Fuels Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.15 million. In comparison, last year the company had a GAAP net loss of $4.77 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.