H.C. Wainwright analyst Heiko Ihle has reiterated their bullish stance on UUUU stock, giving a Buy rating on October 8.
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Heiko Ihle has given his Buy rating due to a combination of factors that highlight Energy Fuels’ strategic positioning and growth potential. The company’s recent open house event showcased significant progress in its operations, particularly at the White Mesa Mill and the Pinyon Plain Mine. The impressive turnout at the event, attributed to the company’s substantial year-to-date share price growth and the increasing importance of a domestic uranium supply chain, underscores the positive sentiment surrounding Energy Fuels.
Management’s presentations emphasized the company’s diversified operations across uranium, Rare Earth Elements (REE), and vanadium, which have collectively de-risked its growth outlook. Early investments in REEs have allowed Energy Fuels to acquire key assets at favorable valuations, providing a long-term strategic advantage. The firm’s fully permitted, operating mill and high-grade uranium mines, coupled with a growing REE platform, position Energy Fuels for sustained long-term value creation, reinforcing the Buy rating.
Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Drdgold, and Endeavour Silver. According to TipRanks, Ihle has an average return of 60.9% and a 73.08% success rate on recommended stocks.
In another report released on October 8, B. Riley Securities also maintained a Buy rating on the stock with a $22.00 price target.