Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $10.54 and last traded at $10.57, with a volume of 2318526 shares trading hands. The stock had previously closed at $11.26.
Analyst Ratings Changes
A number of research firms have weighed in on UUUU. BMO Capital Markets started coverage on Energy Fuels in a report on Friday, August 14th. They set an “outperform” rating and a $18.00 target price for the company. Zacks Research downgraded Energy Fuels from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reduced their price target on Energy Fuels from $29.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, June 12th. B. Riley Financial decreased their price objective on Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Finally, HC Wainwright raised their price objective on Energy Fuels from $29.00 to $29.25 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.85.
Get Our Latest Report on Energy Fuels
Energy Fuels Trading Down 6.0%
Energy Fuels (NYSEAMERICAN:UUUU – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Energy Fuels had a negative net margin of 77.75% and a negative return on equity of 11.29%. The business had revenue of $25.11 million during the quarter. Sell-side analysts predict that Energy Fuels Inc will post -0.25 EPS for the current year.
Institutional Trading of Energy Fuels
Large investors have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new position in shares of Energy Fuels in the first quarter worth $57,000. Knuff & Co LLC purchased a new stake in shares of Energy Fuels during the second quarter valued at $54,000. Sound Income Strategies LLC grew its holdings in shares of Energy Fuels by 17.1% during the first quarter. Sound Income Strategies LLC now owns 4,100 shares of the company’s stock valued at $74,000 after buying an additional 600 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Energy Fuels by 591.7% during the second quarter. CoreCap Advisors LLC now owns 4,150 shares of the company’s stock valued at $60,000 after buying an additional 3,550 shares during the last quarter. Finally, Hilltop National Bank increased its position in shares of Energy Fuels by 39.1% in the 2nd quarter. Hilltop National Bank now owns 4,284 shares of the company’s stock valued at $62,000 after acquiring an additional 1,204 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.
About Energy Fuels
Energy Fuels Inc is a U.S.-based critical minerals company focused on uranium, rare earth elements and vanadium. The company produces uranium concentrate, commonly known as yellowcake, for the nuclear energy industry and maintains a portfolio of uranium mines, mining projects and mineral properties primarily in the United States.
Energy Fuels owns and operates the White Mesa Mill in Utah, which it describes as the only conventional uranium mill currently operating in the United States.
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