Roth MKM analyst Joe Reagor upgraded Energy Fuels (UUUU) to Buy from Neutral with a $5.75 price target The firm believes the majority of its near-term concerns have been resolved. The company has raised significant capital to cover near-term project advancement, resolved its issues with the Navajo Nation, and its valuation is now below Roth’s price target the analyst tells investors in a research note. The biggest near-term risk for Energy Fuels is to a further decline in the uranium spot price, But Roth does not forecast such a decline, adds the analyst.
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