Energy Fuels to Acquire ASM, Enhancing Market Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
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Should l Buy ASM?
Source: Newsfilter
Avino Silver & Gold Mines Ltd (ASM) reached a 52-week high, reflecting positive market conditions.
Energy Fuels Inc. has signed a Scheme Implementation Deed to acquire ASM for $299 million, aiming to enhance its competitive position in the rare earth metals market. This acquisition will combine ASM's Korean Metals Plant with Energy Fuels' White Mesa Mill, creating a complete production chain that addresses critical gaps in global supply chains. Upon completion, ASM shareholders will own approximately 5.8% of Energy Fuels, which is anticipated to create long-term value for both parties.
This acquisition is expected to significantly increase Energy Fuels' production capacity and market share, positioning both companies favorably in the growing demand for rare earth elements.
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Analyst Views on ASM
Wall Street analysts forecast ASM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASM is 6.47 USD with a low forecast of 5.50 USD and a high forecast of 7.40 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 8.960
Low
5.50
Averages
6.47
High
7.40
Current: 8.960
Low
5.50
Averages
6.47
High
7.40
About ASM
Avino Silver & Gold Mines Ltd. is a Canada-based company. The Company is engaged in the production and sale of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The Company also maintains a diversified pipeline of gold and base metals' exploration properties. It operates the Elena Tolosa Mine (Avino Mine), which produces copper, silver and gold at the Avino property in the state of Durango, Mexico. The Avino property also hosts the San Gonzalo Mine, which is in care and maintenance. The Company also holds a 100% interest in Proyectos Mineros La Preciosa S.A. de C.V. (La Preciosa), a Mexican corporation, which owns the La Preciosa Property. The Company also owns interests in mineral properties located in British Columbia. La Preciosa is a development stage mineral property located in the state of Durango, Mexico. Its other properties include El Hueco and Aranjuez.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Impact: This acquisition will significantly increase Energy Fuels' production capacity in rare earth metals and alloys, addressing the growing demand from clean energy and high-tech industries, thereby driving the company's future growth potential.
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