#3 - Energy Fuels (NYSE:UUUU)
Energy Fuels Inc. (NYSE: UUUU) has been one of the leading uranium producers in the United States in recent years. Since 2017, the company has been responsible for about two-thirds of all U.S. uranium production.
Energy Fuels has approximately one dozen conventional and in-situ projects in Utah, Arizona, Wyoming, and Colorado. In 2024, the company purchased Base Resources, making it the owner and operator of the Toliara Project in Madagascar. Energy Fuels says it believes this is the world’s best critical mineral development project.
This points to another benefit of investing in UUUU stock: in addition to uranium, the company is also one of the world’s leading miners of rare earth minerals such as titanium, zirconium, vanadium, and radium.
Like many uranium mining stocks, Energy Fuels is not profitable and is not expected to be in the near future. However, there is a path to profits if the company can begin generating the revenue that is being forecast. Analysts advise investors to pay particular attention to the spot price of uranium since the price of UUUU stock will likely correlate strongly with the underlying currency’s movement.
About Energy Fuels
Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.
Read More - Current Price
- $5.54
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 2 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.50 (53.4% Upside)
