Energy Fuels initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Energy Fuels (UUUU) with a Buy rating and $30 price target The company owns and operates the highest-grade uranium deposit in the U.S. as well as the White Mesa Mill, which is a key competitive advantage for the company as it is the only processing facility in the U.S. that is able to process both uranium and rare earth elements, the analyst tells investors in a research note. The firm added that the company maintains a portfolio of three heavy mineral sands assets that aim to come online over the next five years.