B. Riley Securities Initiates Coverage of Energy Fuels (UUUU) with Buy Recommendation

Fintel reports that on April 18, 2024, B. Riley Securities initiated coverage of Energy Fuels (NYSEAM:UUUU) with a Buy recommendation.

Analyst Price Forecast Suggests 81.51% Upside

As of March 30, 2024, the average one-year price target for Energy Fuels is 10.46. The forecasts range from a low of 10.10 to a high of $11.02. The average price target represents an increase of 81.51% from its latest reported closing price of 5.76.

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The projected annual revenue for Energy Fuels is 155MM. The projected annual non-GAAP EPS is 0.02.

What is the Fund Sentiment?

There are 339 funds or institutions reporting positions in Energy Fuels. This is an increase of 27 owner(s) or 8.65% in the last quarter. Average portfolio weight of all funds dedicated to UUUU is 0.13%, a decrease of 26.56%. Total shares owned by institutions increased in the last three months by 7.08% to 96,733K shares. The put/call ratio of UUUU is 0.26, indicating a bullish outlook.

What are Other Shareholders Doing?

Alps Advisors holds 9,498K shares representing 5.80% ownership of the company. In it's prior filing, the firm reported owning 8,764K shares, representing an increase of 7.74%. The firm decreased its portfolio allocation in UUUU by 10.18% over the last quarter.

Mirae Asset Global Investments Co. holds 9,369K shares representing 5.72% ownership of the company. In it's prior filing, the firm reported owning 8,730K shares, representing an increase of 6.82%. The firm decreased its portfolio allocation in UUUU by 13.54% over the last quarter.

URA - Global X Uranium ETF holds 8,922K shares representing 5.45% ownership of the company. In it's prior filing, the firm reported owning 8,560K shares, representing an increase of 4.05%. The firm decreased its portfolio allocation in UUUU by 24.36% over the last quarter.

Sprott Funds Trust - Sprott Uranium Miners Etf holds 8,314K shares representing 5.08% ownership of the company. In it's prior filing, the firm reported owning 7,088K shares, representing an increase of 14.75%. The firm decreased its portfolio allocation in UUUU by 17.28% over the last quarter.

Ameriprise Financial holds 7,370K shares representing 4.50% ownership of the company. In it's prior filing, the firm reported owning 6,879K shares, representing an increase of 6.67%. The firm decreased its portfolio allocation in UUUU by 84.47% over the last quarter.

Energy Fuels Background Information
(This description is provided by the company.)

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and expects to commence commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America's key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery ('ISR') Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development.

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