Roth Capital raised the firm’s price target on Energy Fuels (UUUU) to $13 from $11.50 and keeps a Sell rating on the shares. While the results of a bankable feasibility study for the Phase 2 expansion of rare earth processing at the White Mesa mill exceeded expectations, there are still risks to the potential development of the project, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UUUU:
- Energy Fuels Unveils High-Margin Rare Earth Expansion at White Mesa Mill
- Energy Fuels Feasibility Study Backs Low-Cost Rare Earth Expansion at White Mesa Mill
- Energy Fuels advances Vara Mada rare earths project
- Rare Earth Stocks Jump after G7 Talks on Reducing Dependence on China
- Energy Fuels: De-Risked Vara Mada Project and Strong Uranium Performance Underpin Buy Rating
