Energy Fuels price target raised to $9.50 from $8.50 at Roth MKM

Roth MKM raised the firm’s price target on Energy Fuels to $9.50 from $8.50 and keeps a Buy rating on the shares. The analyst is updating the firm’s valuation to reflect a higher uranium price market, with increased near-term and long-term uranium price forecasts in response to an earlier than anticipated increase in the uranium spot price. This sharp increase is due to several factors including geopolitical issues and increasing demand driven by a renewed focus on nuclear energy, Roth MKM added.