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:

David Talbot, Eight Capital (8/11/17)
"We reiterate a Buy recommendation for Energy Fuels Inc. with a target price of CA$3.75/share. . .the company began to rally itself over the past two months despite little directionality in spot prices. . .adjusted Q2/17 earnings per share was in line with our forecast and beat Street forecasts."

One uranium producer and explorer reported Q2/17 results that led one analyst to increase its target price.
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Rob Chang, Cantor Fitzgerald (8/8/17)
"Energy Fuels Inc.'s Q2/17 revenues and earnings beat our estimates due to earlier than expected deliveries of uranium in the quarter; production guidance for FY17 was maintained at between 640–675 Klb. We maintain our Buy recommendation and are increasing our target price to $4.25/share."

Joe Reagor, ROTH Capital Partners (8/7/17)
"Energy Fuels Inc. plans to release a resource estimate for its Canyon project during Q3/17. We believe this could be a positive catalyst for the company as it should provide an initial copper resource estimate and provide additional insight into the potential of the project."

Rob Chang, Cantor Fitzgerald (8/4/17)
"Energy Fuels Inc.'s Q2/17 revenue of $17.9M beat our and consensus estimates ($7.1M and $15.4M, respectively) due to deliveries of 300 Klb, which were much higher than our forecast of 86,667 lb. . .production guidance for FY17 was maintained at between 640–675 Klb. We maintain our Buy recommendation."

Heiko Ihle, Rodman & Renshaw (8/4/17)
"Energy Fuels Inc. sold a total of 360K contracts H1/17 at an average price of $51.50/lb, for a total of $18.5M in revenue from uranium concentrates, along with $3.1M of toll revenue. . .profit margins remained strong at 30% in H1/17, a slight increase over H1/16. . .we are reiterating our Buy rating."

With core drilling and underground development nearly complete at its Canyon Mine and progress noted in other aspects of this company's business, Rodman & Renshaw analyst Heiko Ihle provided an update to investors.
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Heiko Ihle, Rodman & Renshaw (7/10/17)
"Energy Fuels Inc. continues to advance its pipeline of assets while maintaining production optionality. . .we think that significant near-term, low-cost production remains available for the company should prices begin to recover. . .remaining 2017 production is expected to improve over Q1/17 levels."

Department of Energy Secretary Rick Perry issued a determination that reduces the amount of uranium the department can transfer in 2017 and 2018; the reduction should give a boost to uranium producers.
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Analysts watching the uranium market agree that as prices for U3O8 turn around, Energy Fuels' U.S.-based assets, including its conventional and in-situ recovery operations at the Canyon Mine and Nichols Ranch, respectively, make it a good bet for investors. The company's management team and directors must agree because they have upped their share ownership.
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Uranium has risen 30% from the very low prices of late last year and a trio of analysts agrees that Energy Fuels is in position to take advantage of a rising price environment.
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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
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
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Eight Capital

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

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