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Energy Fuels ( (UUUU) ) has provided an update.
Energy Fuels and Vulcan Elements have signed a Memorandum of Understanding to establish a domestic supply chain for rare earth magnets, independent of China. Energy Fuels will supply Vulcan with high-purity rare earth oxides, sourced from U.S. mines, for the production of rare earth magnets used in various commercial and defense applications. This collaboration aims to enhance the security and resilience of the U.S. rare earth magnet supply chain, with potential long-term supply agreements in the future.
The most recent analyst rating on (UUUU) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Energy Fuels stock, see the UUUU Stock Forecast page.
Spark’s Take on UUUU Stock
According to Spark, TipRanks’ AI Analyst, UUUU is a Neutral.
Energy Fuels’ strong revenue growth and strategic advancements in Uranium and Rare Earths production are promising. However, persistent losses and negative cash flows weigh heavily on the score. The technical indicators show positive momentum, but valuation concerns due to the negative P/E ratio and lack of dividends limit the overall attractiveness.
To see Spark’s full report on UUUU stock, click here.
More about Energy Fuels
Energy Fuels is a leading U.S.-based critical minerals company, focusing on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes. The company operates several uranium projects in the western United States and has been a top producer of natural uranium concentrate, supplying nuclear utilities. Vulcan Elements manufactures permanent sintered neodymium iron boron (NdFeB) magnets in the U.S. for defense and commercial applications, committed to strengthening the domestic rare earth magnet supply chain.
Average Trading Volume: 13,271,041
Technical Sentiment Signal: Buy
Current Market Cap: $2.52B
For a thorough assessment of UUUU stock, go to TipRanks’ Stock Analysis page.