12 Best Uranium Stocks to Invest in According to Analysts

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9. Energy Fuels Inc. (NYSE:UUUU)

Number of Hedge Fund Holders: 18

Average Upside Potential: 57.37%

Energy Fuels Inc. (NYSE:UUUU) is a Colorado-based company exploring and developing uranium resources in the United States. It also produces and sells vanadium, rare earth elements, and heavy mineral sands like ilmenite, rutile, zircon, and monazite. It is one of the best uranium stocks to invest in.

On February 28, Roth MKM analysts upgraded Energy Fuels Inc. (NYSE:UUUU) stock from Neutral to Buy and raised the price target to $5.75 from $5.50. The company raised solid capital to fund upcoming projects and finally settled its long-standing dispute with the Navajo Nation. Overall, the upgrade reflects renewed confidence in Energy Fuels Inc. (NYSE:UUUU)’s financial health and its direction moving forward.

Energy Fuels Inc. (NYSE:UUUU) has made big strides in rare earth production, developing the tech needed to produce six out of the seven rare earth oxides now restricted by China. On April 17, the company announced that its White Mesa Mill in Utah is already producing neodymium-praseodymium oxide and could scale up fast with the right market conditions or government support. With the US pushing to strengthen domestic supply chains, Energy Fuels sees itself as one of the few companies ready to deliver.

According to Insider Monkey’s fourth quarter database, 18 hedge funds were bullish on Energy Fuels Inc. (NYSE:UUUU), compared to 11 funds in the earlier quarter. Ray Dalio’s Bridgewater Associates was the leading stakeholder of the company, with 928,544 shares valued at $4.76 million.

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