Westwater Resources (NASDAQ:WWR) Earns Buy Rating from Analysts at D. Boral Capital

Research analysts at D. Boral Capital initiated coverage on shares of Westwater Resources (NASDAQ:WWR) in a report released on Thursday. The firm set a “buy” rating and a $3.00 price target on the basic materials company’s stock.

Several other brokerages also recently commented on WWR. HC Wainwright restated a “buy” rating and issued a $1.75 price objective on shares of Westwater Resources in a research report on Tuesday, April 7th. Maxim Group started coverage on Westwater Resources in a research note on Wednesday, April 15th. They set a “buy” rating and a $2.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Westwater Resources presently has an average rating of “Buy” and a consensus price target of $2.25.

Westwater Resources Price Performance

Shares of NASDAQ WWR opened at $0.48 on Thursday. The stock has a market cap of $61.02 million, a PE ratio of -3.69 and a beta of 1.59. Westwater Resources has a 1 year low of $0.47 and a 1 year high of $3.75. The firm has a fifty day moving average price of $0.61 and a 200-day moving average price of $0.80.

Institutional Trading of Westwater Resources

Several hedge funds have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft bought a new position in shares of Westwater Resources during the 3rd quarter valued at about $29,000. Evernest Financial Advisors LLC purchased a new stake in shares of Westwater Resources in the third quarter worth about $95,000. Soviero Asset Management LP bought a new position in Westwater Resources during the third quarter valued at approximately $446,000. Two Sigma Investments LP purchased a new position in Westwater Resources during the 3rd quarter valued at approximately $972,000. Finally, Centiva Capital LP purchased a new position in Westwater Resources during the 3rd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 7.72% of the company’s stock.

Westwater Resources Company Profile

Westwater Resources, Inc (NASDAQ: WWR) is a Houston‐based mineral development company focused on advancing sustainable sources of battery‐grade graphite for the lithium‐ion battery market. The company’s primary asset is the Coosa Graphite Project in east‐central Alabama, where Westwater is working to establish a fully integrated, U.S.‐based supply chain for natural spherical graphite. By leveraging in‐house purification and spheronization technology, Westwater aims to produce high‐purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.