Energy Fuels Inc. is the largest conventional producer of uranium in the United States. The company owns the only conventional uranium mill in the U.S., the White Mesa mill in Utah. Energy Fuels also owns several producing and near-producing mines in Utah, Arizona and Colorado. It also owns the Sheep Mountain project, a large advanced-stage uranium development project in Wyoming. The company acquired Titan Uranium in February 2012 and the U.S. mining division of Denison Mines in June 2012, making 2012 a transformational year and positioning Energy Fuels as the leading conventional producer of uranium in the U.S., and a major producer of vanadium.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Colin Healey, Haywood Securities
"We reiterate our Buy rating on Energy Fuels Inc. . .with cash costs per pound of uranium on the higher quartile of the marginal cost curve, the company has the potential to offer significant upside in a strengthening uranium price environment. . .investment in Energy Fuels provides exposure to two sectors (uranium and vanadium) with robust underlying demand fundamentals, which will lead to a sustained improvement in metal price and stability that further enhances resource value and diversifies risk."
David Talbot, Dundee Capital Markets
"We reiterate our Energy Fuels Inc. Buy recommendation. . .Q2/13 should be reflected on positively—earnings were up, cash flow was positive, cash increased, sales prices were 18% higher than spot and perhaps the best in the industry, costs declined rapidly, production guidance grew and higher, and cost stockpiles should be almost completely drawn down by quarters end. Believing that we are near the bottom in the uranium sector (as we expect some reactors in Japan to resume in H2/13) then we currently believe that buying this leveraged stock would be an excellent opportunity."
The Energy Report Interview with Malcolm Shaw
"I like Energy Fuels Inc. as well. It's more of a call option on uranium as it's a slightly higher-cost structure, but its leverage to uranium is clear. It could become a go-to name if and when the uranium market does pick up."
The Energy Report interview with Colin Healey
"We rate Energy Fuels Inc. as a Sector Outperform. It's one of the producers in the space with strong leverage to the uranium price. We look at Energy Fuels as a great opportunity to get exposure to uranium price appreciation. If the prices do what we forecast toward the end of 2013, investors in this name could do very well."
Rob Chang, Cantor Fitzgerald
"For FY/13, Energy Fuels Inc. forecasts sales and production of about 1 Mlb U3O8, of which about 957 Klb will be sold toward long-term contracts that contain higher prices. . .uranium production will come from conventional ore from the company's Beaver, Pandora, Arizona 1 and Daneros mines. . .Energy Fuels' quarter-over-quarter EPS improved to $0.00/share from –$0.08/share."
Energy Fuels Inc. Content
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