Date: Aug 14, 2018
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) has been given a $5.00 price target by investment analysts at HC Wainwright in a 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 price objective would suggest a potential upside of 60.77% from the stock’s previous close.
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 topic of several other research reports. Zacks Investment Research upgraded shares of Energy Fuels from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Tuesday, July 3rd. Noble Financial reiterated a “hold” rating on shares of Energy Fuels in a research report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $3.75.
Shares of Energy Fuels opened at $3.11 on Monday, Marketbeat reports. 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 stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $2.01, for a total value of $60,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 197,400 shares of company stock valued at $404,520.
