HC Wainwright Cuts Westwater Resources (NASDAQ:WWR) Price Target to $2.00

Westwater Resources (NASDAQ:WWR) had its price target trimmed by HC Wainwright from $2.50 to $2.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock. HC Wainwright also issued estimates for Westwater Resources’ FY2026 earnings at $0.17 EPS.

Separately, Wall Street Zen started coverage on shares of Westwater Resources in a research report on Wednesday, May 21st. They set a “sell” rating for the company.

Westwater Resources Price Performance

WWR stock opened at $0.56 on Thursday. The company has a 50 day simple moving average of $0.51 and a 200 day simple moving average of $0.65. The stock has a market cap of $42.50 million, a price-to-earnings ratio of -4.28 and a beta of 1.06. Westwater Resources has a 1 year low of $0.45 and a 1 year high of $1.32.

Institutional Investors Weigh In On Westwater Resources

Large investors have recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of Westwater Resources by 165.3% during the fourth quarter. Jane Street Group LLC now owns 56,249 shares of the basic materials company’s stock worth $40,000 after buying an additional 35,046 shares during the period. Virtu Financial LLC grew its holdings in Westwater Resources by 29.1% in the fourth quarter. Virtu Financial LLC now owns 85,116 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 19,211 shares during the period. Renaissance Technologies LLC grew its holdings in Westwater Resources by 536.3% in the fourth quarter. Renaissance Technologies LLC now owns 99,201 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 83,611 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Westwater Resources in the first quarter worth $55,000. Finally, Northern Trust Corp grew its holdings in Westwater Resources by 34.7% in the fourth quarter. Northern Trust Corp now owns 127,960 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 32,952 shares during the period. 7.72% of the stock is currently owned by institutional investors and hedge funds.

Westwater Resources Company Profile

Westwater Resources, Inc operates as an energy technology company, focuses on developing battery-grade natural graphite materials. The company holds interests in Kellyton Graphite Plant located in Kellyton, Alabama; and Bama Mine Project situated in south Alabama. It holds interests in Coosa graphite project located in Coosa County, Alabama.