Roth Capital Cuts Price Target on Energy Fuels (UUUU) Following 2Q15 Results

Roth Capital maintained a Buy rating on Energy Fuels (NYSE: UUUU), and cut the price target to $7.00 (from $7.25), following the company's 2Q15 earnings results. Revenue of $23.7 million and an EPS loss of $0.10 were both slightly better than Roth's estimates of $21.9 million and a loss of $0.11. UUUU also provided second half guidance of production of 230,000 pounds uranium and sales of 391,667 pounds, with the additional sales to come from existing inventory.

Analyst Joe Reagor commented, "On August 7, 2015, UUUU announced its financial results for Q2 2015 and provided guidance for the remainder of the year. Additionally, the company is now targeting production from the Canyon mine in 2017. As a result, we are cutting our price target from $7 to $7.25, while maintaining our Buy rating as we believe Energy Fuels has an improved production mix."

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 $3.79 yesterday.

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