Energy Fuels (UUUU) Provides Corporate Update; Roth Capital Reiterates Buy

Roth Capital maintained a Buy rating on Energy Fuels (NYSE: UUUU), and cut the price target to $5.00 (from $6.25), after management provided a corporate update confirming guidance for 4Q. The company continues to expect steady production growth from the Nichols Ranch ISR facility and is in the process of developing the Canyon mine in order to provide additional mill feed to the White Mesa Mill.

Analyst Joe Reagor commented, "On November 19, 2015, UUUU provided a corporate update confirming guidance for Q4 2015 and 2016. Although we are encouraged by the gradual improvement at its Nichols Ranch ISR mine we believe the overall uranium market outlook is weak and as such we are cutting our price target from $6.25 to $5.00."

For an analyst ratings summary and ratings history on Energy Fuels click here. For more ratings news on Energy Fuels click here.

Shares of Energy Fuels closed at $2.00 yesterday.

You May Also Be Interested In

• Jefferies Upgrades Husqvarna AB (HUSQB:SS) to Buy
• Arkema SA (AKE:FP) (ARKAF) PT Lowered to EUR127 at Barclays
• Stifel Downgrades Knight Transportation (KNX) to Hold