Wall Street may have calmed down on software stocks, but rare earths are still in fashion. Goldman Sachs analyst Brian K. Lee initiated coverage of Energy Fuels (UUUU) on Feb. 11 with a "Buy" rating. His price target is $30, which implies an approximately 50% upside potential here.
His thesis rests on a rare dual advantage. Energy Fuels owns and operates the White Mesa Mill in Utah. It's the only processing facility in the country that is capable of handling both conventional uranium and rare earth elements. In short, you get a singular domestic play on two of the most strategically important mineral categories simultaneously.
