HC Wainwright Reiterates Buy Rating for Westwater Resources (NASDAQ:WWR)

Key Points

• HC Wainwright reaffirmed a Buy rating on Westwater with a $1.75 target, implying about a 176.8% upside from the current stock price.
• Westwater has repositioned as a U.S. supplier of battery‑grade graphite focused on its Coosa Graphite Project in Alabama to serve the lithium‑ion/EV market.
• The stock trades near $0.63 with a market cap of roughly $78.8M and a 12‑month range of $0.45–$3.75; it carries a negative PE (-4.86) and only about 7.72% institutional ownership, although several hedge funds added small positions recently.

Westwater Resources (NASDAQ:WWR - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $1.75 target price on the basic materials company's stock. HC Wainwright's price target suggests a potential upside of 176.81% from the company's current price.

Westwater Resources Stock Performance

NASDAQ WWR opened at $0.63 on Tuesday. The firm has a 50-day simple moving average of $0.82 and a 200 day simple moving average of $1.05. Westwater Resources has a twelve month low of $0.45 and a twelve month high of $3.75. The stock has a market cap of $78.84 million, a PE ratio of -4.86 and a beta of 1.69.

Hedge Funds Weigh In On Westwater Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft bought a new position in shares of Westwater Resources during the third quarter worth $29,000. Evernest Financial Advisors LLC bought a new position in shares of Westwater Resources during the third quarter worth $95,000. Soviero Asset Management LP bought a new position in shares of Westwater Resources during the third quarter worth $446,000. Two Sigma Investments LP bought a new position in shares of Westwater Resources during the third quarter worth $972,000. Finally, Centiva Capital LP bought a new position in shares of Westwater Resources during the third quarter worth $64,000. 7.72% of the stock is owned by institutional investors.

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.

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