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Roth Capital Upgrades Energy Fuels (UUUU) to ‘Neutral’; Raises PT to $15.00
Yahoo Finance· 2026-02-02 09:16
Core Viewpoint - Energy Fuels Inc. (NYSE:UUUU) has shown strong performance, being recognized as one of the best-performing stocks over the last 12 months, with recent upgrades in stock ratings and strategic acquisitions enhancing its market position [1]. Group 1: Stock Performance and Analyst Upgrades - Roth Capital upgraded Energy Fuels from 'Sell' to 'Neutral' and raised the price target from $13.00 to $15.00, reflecting improved short-term growth drivers and positive investor sentiment [2] - The firm acknowledges that while the stock may appear stretched, favorable uranium prices and market psychology could mitigate the risks of a short-term correction [2] Group 2: Strategic Acquisitions - Energy Fuels agreed to acquire Australian Strategic Materials (ASM) for $300.9 million, representing a 121% premium to ASM's closing price on January 20 [3] - Under the acquisition agreement, ASM shareholders will receive 0.053 Energy Fuels shares per ASM share, plus a special dividend of up to A$0.13, equating to A$1.6 per share [3] Group 3: Expansion of Operations - The acquisition significantly expands Energy Fuels' rare earth footprint, integrating ASM's Korean metallization plant and planned U.S. facility with its White Mesa Mill in Utah [4] - The company is also adding a pipeline of global development projects aimed at securing non-Chinese critical mineral supply chains [4] Group 4: Company Overview - Energy Fuels Inc. is a U.S.-based mining company focused on uranium, vanadium, and rare earth production, with operating assets that include the White Mesa Mill and expanding exposure to critical minerals [5]