Energy Fuels Inc (NYSEAMERICAN:UUUU – Get Free Report) shares were down 7.8% on Tuesday . The company traded as low as $16.04 and last traded at $16.04. Approximately 5,227,247 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 12,370,467 shares. The stock had previously closed at $17.40.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on UUUU shares. Roth Mkm reiterated a “neutral” rating and issued a $17.00 price target on shares of Energy Fuels in a report on Monday, May 11th. HC Wainwright lifted their price target on shares of Energy Fuels from $27.25 to $29.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Energy Fuels in a report on Tuesday, February 10th. They issued a “buy” rating and a $30.00 price target on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Energy Fuels currently has an average rating of “Moderate Buy” and a consensus price target of $25.75.
Check Out Our Latest Research Report on UUUU
Energy Fuels Stock Up 6.4%
Energy Fuels (NYSEAMERICAN:UUUU – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.23%. The company’s revenue was up 112.1% compared to the same quarter last year. During the same period last year, the business earned ($0.13) earnings per share. On average, equities analysts expect that Energy Fuels Inc will post -0.14 earnings per share for the current fiscal year.
Insider Buying and Selling at Energy Fuels
In related news, Director Barbara Appelin Filas sold 5,000 shares of Energy Fuels stock in a transaction on Monday, March 9th. The shares were sold at an average price of $19.51, for a total transaction of $97,550.00. Following the transaction, the director owned 160,261 shares in the company, valued at approximately $3,126,692.11. The trade was a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Curtis Moore sold 10,000 shares of Energy Fuels stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $23.12, for a total transaction of $231,200.00. Following the transaction, the vice president owned 112,415 shares in the company, valued at $2,599,034.80. The trade was a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 69,000 shares of company stock worth $1,361,200. Insiders own 0.97% of the company’s stock.
Hedge Funds Weigh In On Energy Fuels
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new position in Energy Fuels during the 1st quarter worth approximately $9,845,000. Amundi acquired a new position in Energy Fuels during the 1st quarter worth approximately $368,000. Royal Bank of Canada lifted its position in Energy Fuels by 876.1% during the 1st quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock worth $15,953,000 after acquiring an additional 986,758 shares in the last quarter. Empowered Funds LLC lifted its position in Energy Fuels by 4,108.3% during the 1st quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock worth $9,334,000 after acquiring an additional 499,324 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Energy Fuels by 0.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 789,638 shares of the company’s stock worth $14,431,000 after acquiring an additional 3,732 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.
About Energy Fuels
Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.
At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.
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