Energy Fuels’ Price Target Raised to $15.50 as Q4 Production Tops Guidance
Roth Capital raised Energy Fuels’ rating to Neutral from Sell on January 28 and lifted its price target to $15.50 from $13, citing strong market sentiment and rising uranium prices. Q4 2025 output exceeded guidance, with over 1.6 million pounds mined and 1 million pounds of U3O8 produced.
1. Roth Capital Upgrade Details
On January 28, Roth Capital upgraded Energy Fuels from Sell to Neutral and increased its price target to $15.50 from $13, highlighting that strong market sentiment and a rising uranium spot price could offset any near-term pullback.
2. Peer Price Target Increases
Earlier in January, Canaccord raised its target on Energy Fuels to C$37 from C$26 with a Buy rating, and B. Riley lifted its target to $27 from $22 while maintaining a Buy rating, driven by confidence in White Mesa’s rare earth refining capabilities and supportive U.S. policy on critical minerals.
3. Operational Production Beats Guidance
In the fourth quarter of 2025, Energy Fuels mined over 1.6 million pounds of uranium at its Pinyon Plain and La Sal sites—11% above the prior guidance high end—and the White Mesa Mill produced more than 1 million pounds of finished U3O8, reinforcing the bull case.