copperCopper is a base metal used throughout the manufacturing sector. From microprocessors to automobiles, it’s a major component. Copper is also a key ingredient used to form high-capacity lithium batteries, which are integral to the electric vehicle market and alternative energy storage. Investors looking for a complimentary pick in an alternative portfolio can consider Energy Fuels Inc. (NYSE: UUUU). This mining company is a producer (both in-house and through subsidiaries) of uranium, vanadium, gold, and copper.

Copper prices are recovering globally, after falling during the early weeks of the Coronavirus Pandemic. Pricing increases will drive revenue at major copper producers like Energy Fuels. Long term, prices are likely to continue their upwards trend, especially as supply decreases because of Coronavirus-related worker shortages.

Energy Fuels Inc. has a bargain stock that has declined in the year to date. The stock is currently around 80% below its expected value, suggesting that an upside is likely as the market continues to recover. Revenue is expected to grow by more than 50% year over year in 2020, which could help drive the stock towards its most recent 52-week peak of $3.32.

Key Data:

  • 1 Year Price Growth: -50.63%
  • YTD Price Growth: -17.80%
  • 3 Month Price Growth: 20%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.