H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Westwater Resources today and set a price target of $1.75.
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Heiko Ihle has given his Buy rating due to a combination of factors tied to Westwater Resources’ evolving commercial and permitting outlook. He views the termination of the SK On procurement agreement as largely reflected in the current share price and even potentially constructive, as it lowers required capital outlays to well under $120 million and enables management to concentrate on improving plant efficiency and positioning for new offtake arrangements.
Heiko Ihle’s rating is based on his discounted cash flow valuation, which indicates intrinsic value above the current market level, supported by the strategic importance of WWR’s graphite assets. The recent FAST-41 designation for the Coosa Graphite Deposit adds transparency and visibility to the federal permitting process, reinforcing the firm’s role in rebuilding a U.S. critical minerals supply chain and providing additional upside through key construction and permitting milestones at the Kellyton facility.