Energy Fuels (UUUU) PT Set at $5.00 by HC Wainwright
Date: Nov 9, 2018
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) received a $5.00 price objective from analysts at HC Wainwright in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target indicates a potential upside of 30.55% from the company’s current price.
The analysts wrote, “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. Vanadiumproduction should begin this month. Energy Fuels reaffirmed its plan to begin recovering vanadium from tailings pond solutions at its in mid-November.””
Separately, Noble Financial set a $4.00 price target on Energy Fuels and gave the company a “buy” rating in a research note on Saturday, October 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Energy Fuels presently has a consensus rating of “Buy” and an average price target of $3.83.
Energy Fuels stock opened at $3.83 on Tuesday. Energy Fuels has a one year low of $1.43 and a one year high of $4.09.
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). The business had revenue of $0.45 million during the quarter, compared to the consensus estimate of $2.65 million.
