Is This Uranium Stock a Buy After Its Latest Acquisition?

Electricity – Fusion power generation by Mesh Cube via iStock Valued at $791.8 million by market cap, Energy Fuels (UUUU) is engaged in the extraction, recovery, recycling, exploration, and sale of uranium mineral properties in the U.S. It produces and sells vanadium pentoxide, rare earth elements , and heavy mineral sands, such as zircon and monazite. www.barchart.com Energy Fuels has trailed the broader markets by a wide margin in the past decade, falling over 35% . Let’s see if the uranium stock is a good buy at current multiples. How Did Energy Fuels Perform in Q2 of 2024?

Energy Fuels is focused on capitalizing on uranium market opportunities, as it profitably sold an additional 100,000 pounds of the commodity on the spot market and signed a new long-term sales contract with a U.S. nuclear facility at supportive pricing in Q2 of 2024. It mined uranium from three conventional […]

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