Date: Aug 30, 2018
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) has been given a $5.00 price objective by analysts at HC Wainwright in a research note issued to investors on Monday, August 6th. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price would suggest a potential upside of 54.32% from the stock’s current price.
The analysts wrote, “We also highlight that 1H18 cash flow and $22.1M in cash from the issuance of shares in the first half of the year have contributed to a strong working capital position of $55.2M (vs. $33.3M) at the end of 2Q18, including $43.2M in cash and cash equivalents. In our view, this should provide the firm with near-term flexibility to reduce its debt balance, increase its vanadium production capabilities (which we expect in response to spot prices nearing $20 per pound of V 2 O 5 ), and take advantage of any opportunities that may arise in the uranium market. Trade actions under Section 232 could allow for near-term production growth. The U.S. 2018 decision to initiate an investigation into the impact of uranium imports may lead to the President enacting some type of trade or non-trade related remedy to address any perceived national security concerns.””
UUUU has been the subject of several other research reports. Zacks Investment Research upgraded Energy Fuels from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Tuesday, July 3rd. Noble Financial restated a “hold” rating on shares of Energy Fuels in a research note on Friday, June 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.75.
Shares of Energy Fuels stock traded up $0.02 on Monday, reaching $3.24. 530,400 shares of the company were exchanged, compared to its average volume of 634,775. Energy Fuels has a 1-year low of $1.29 and a 1-year high of $3.64.
In related news, Director Dennis Lyle Higgs sold 30,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $2.06, for a total transaction of $61,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 120,000 shares of company stock worth $247,200 in the last ninety days.
