Energy Fuels Inc.

Energy Fuels Inc. is one of the largest producers of uranium in the United States, which is highly strategic as the United States is the World’s largest consumer of uranium. The company owns low-cost in situ uranium recovery (ISR) and conventional production operations in the U.S., including the Nichols Ranch ISR Project in Wyoming; the White Mesa Mill in Utah; and the Alta Mesa ISR Project in South Texas. Combined, the Company has over 11.5 million pounds of production capacity in its portfolio. The company also owns several mines on standby and in permitting that it can put into production as uranium prices recover.

Expert Comments:

Joe Reagor, ROTH Capital Partners (1/10/17)
"Energy Fuels Inc. will look for a sustained higher price uranium environment before developing the Sheep Mountain project. . .we note that the company clearly views the project as a long-term option, in our opinion. Thus, we believe management will look for a sustained higher uranium price environment before considering developing the asset. . .although today's news is a net positive for Energy Fuels, in our view, we do not believe it impacts the near-term value of the company. . .thus, we have made no changes to our valuation of UUUU and we are maintaining our Buy rating and $2.75 price target."

Eric Coffin, Hard Rock Analyst (1/8/17)
"Energy Fuels Inc. has staged a huge comeback in the past three weeks. . .the company did release more results from its ongoing drill campaign at its Canyon mine. . .the results generally exceeded expectations in terms of thickness and grade. Energy Fuels management expects the resource at Canyon will be both larger and higher grade than historic estimates."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/27/16)
"Energy Fuels Inc. is conducting an underground core and percussion drill program to further evaluate the high-grade ore centers at Canyon. . .this effort led in late October to the discovery of uber-high copper grades on the deposit's second level. The copper intersections from this effort included an average grade of 8.75% copper over 313 feet; these are eye-popping grades that could allow the company to improve the economics significantly at Canyon. . .the company will produce a revised resource estimate for the project in mid-Q1/17."

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/8/16)
"While these are obviously dire times for uranium companies, the fact that Energy Fuels Inc. was able to raise such a large sum is a sign that the smart money believes the market is going to turn around at some point. This Jibes with my own thinking on the market-as the world's demand for baseload power continues to accelerate. . .Energy Fuels boasts both current production and the ability to quickly ramp up that production with favorable prices. . .we'll move Engergy Fuels to a hold for now, but one that will be a buy again once this market finds its bottom."

Heiko Ihle, Rodman & Renshaw (11/7/16)
"Energy Fuels Inc. is positioned to weather the downturn in uranium markets with a healthy cash balance of $17.5 million and over 550,000 pounds of uranium in inventory, which could be converted into cash should the firm require additional liquidity. . .in addition to strong uranium intercepts already uncovered,on October 27, 2016 Energy Fuels Inc. announced the discovery of strong high-grade copper at the Canyon Project. . . we feel the firm has accumulated a strong combination of both conventional and ISR uranium projects that should provide investors with great leverage to potentially increasing uranium prices going forward. . .we are reiterating our Buy rating and $5.00 per share price target."

Rob Chang, Cantor Fitzgerald (11/4/16)
"Energy Fuels Inc. has implemented positive cash management measures including changes to management compensation as well as bringing forward future uranium contract deliveries at modest discounts. . .production from conventional sources amounted to 260,000 lbs which topped our forecast of 144,000 lbs, while production from the ISR Nichols ranch property amounted to 90,000 lbs, topping our forecast of 74,613 lbs. . .we continue to view Energy Fuels as a strong uranium price leverage play with the production capability to be the dominant U.S. domestic producer. . .we are maintain our Buy recommendation and are lowering the target price to C$5.65/share, or by 15%, to reflect the impact of bringing 2017 sales into 2016."

Dundee Capital Markets increased its target price for Energy Fuels after the company unveiled updated plans to position itself as the premier uranium producer in the U.S., including a scheme to recover U3O8 from tailings ponds at its White Mesa Mill facility.
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More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Eric Coffin, Owner – HRA Advisory
Brent Cook, Analyst, Geologist Exploration Insights
Colin Healey, Analyst – Haywood Securities
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Joe Mazumdar Exploration Insights
Rick Mills Ahead of the Herd
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Dundee Capital Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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