HC Wainwright Increases Energy Fuels (NYSEAMERICAN:UUUU) Price Target to $27.50

Energy Fuels (NYSEAMERICAN:UUUU) had its price objective boosted by research analysts at HC Wainwright from $16.25 to $27.50 in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 20.93% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Roth Capital cut shares of Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 price target for the company. in a research report on Friday, July 11th. B. Riley began coverage on shares of Energy Fuels in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $12.06.

Energy Fuels Stock Up 10.2%

Shares of UUUU stock opened at $22.74 on Tuesday. Energy Fuels has a 52 week low of $3.20 and a 52 week high of $27.33. The stock has a market capitalization of $5.25 billion, a PE ratio of -46.41 and a beta of 1.79. The firm has a 50 day moving average of $15.09 and a two-hundred day moving average of $9.17.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The business had revenue of $4.21 million during the quarter. Energy Fuels’s revenue was up –51.7% on a year-over-year basis. Analysts expect that Energy Fuels will post -0.1 EPS for the current fiscal year.

Insider Activity

In other news, Director Dennis Lyle Higgs sold 6,000 shares of Energy Fuels stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $14.88, for a total value of $89,280.00. Following the sale, the director owned 218,881 shares of the company’s stock, valued at $3,256,949.28. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott Bakken sold 4,629 shares of Energy Fuels stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $12.00, for a total transaction of $55,548.00. Following the completion of the sale, the vice president directly owned 108,817 shares in the company, valued at approximately $1,305,804. The trade was a 4.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 618,724 shares of company stock valued at $6,782,959 over the last quarter. Corporate insiders own 1.77% of the company’s stock.

Institutional Trading of Energy Fuels

A number of institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its holdings in Energy Fuels by 27.5% during the second quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company’s stock worth $36,000 after buying an additional 1,344 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Energy Fuels by 3.0% during the second quarter. D.A. Davidson & CO. now owns 50,590 shares of the company’s stock worth $291,000 after buying an additional 1,493 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Energy Fuels by 3,820.9% during the third quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock worth $26,000 after buying an additional 1,643 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Energy Fuels by 15.8% during the second quarter. Wedbush Securities Inc. now owns 12,850 shares of the company’s stock worth $74,000 after buying an additional 1,750 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Energy Fuels by 27.1% during the second quarter. PNC Financial Services Group Inc. now owns 8,649 shares of the company’s stock worth $50,000 after buying an additional 1,844 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.