Westwater Resources (NASDAQ:WWR – Get Free Report) had its price objective cut by investment analysts at HC Wainwright from $1.75 to $1.50 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price would indicate a potential upside of 263.64% from the stock’s previous close.
WWR has been the topic of several other research reports. Maxim Group started coverage on shares of Westwater Resources in a research report on Wednesday, April 15th. They set a “buy” rating and a $2.00 price target on the stock. D. Boral Capital initiated coverage on shares of Westwater Resources in a research report on Thursday, June 11th. They issued a “buy” rating and a $3.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $2.17.
Check Out Our Latest Research Report on Westwater Resources
Westwater Resources Price Performance
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in WWR. Soviero Asset Management LP acquired a new stake in Westwater Resources in the third quarter valued at $446,000. Two Sigma Investments LP acquired a new position in Westwater Resources in the third quarter valued at $972,000. Centiva Capital LP purchased a new position in shares of Westwater Resources during the third quarter worth about $64,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Westwater Resources during the fourth quarter worth about $154,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Westwater Resources during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 7.72% of the company’s stock.
About Westwater Resources
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.
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