Energy Fuels (NYSE:UUUU) Trading 3.6% Higher

Energy Fuels Inc. (NYSE:UUUU)’s share price rose 3.6% during trading on Tuesday . The stock traded as high as $5.70 and last traded at $5.69. Approximately 325,577 shares changed hands during trading, a decline of 89% from the average daily volume of 2,964,506 shares. The stock had previously closed at $5.49.

Analysts Set New Price Targets

Several equities analysts have issued reports on UUUU shares. HC Wainwright cut their target price on Energy Fuels from $10.75 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Roth Capital lowered Energy Fuels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Finally, Roth Mkm lowered Energy Fuels from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $6.50 to $6.25 in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Fuels currently has an average rating of “Hold” and an average target price of $8.58.

Energy Fuels Stock Up 1.5 %

The company’s 50-day moving average is $4.93 and its 200-day moving average is $5.75. The stock has a market capitalization of $898.29 million, a price-to-earnings ratio of -79.57 and a beta of 1.61.

Energy Fuels (NYSE:UUUU) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $8.72 million for the quarter, compared to the consensus estimate of $3.85 million. Energy Fuels had a negative net margin of 27.23% and a negative return on equity of 6.56%. Sell-side analysts anticipate that Energy Fuels Inc. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Energy Fuels

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Energy Fuels by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,014,689 shares of the company’s stock worth $37,832,000 after purchasing an additional 82,766 shares during the last quarter. MMCAP International Inc. SPC lifted its position in shares of Energy Fuels by 56.5% during the 1st quarter. MMCAP International Inc. SPC now owns 5,780,394 shares of the company’s stock worth $36,359,000 after buying an additional 2,087,385 shares during the last quarter. Vident Advisory LLC grew its position in shares of Energy Fuels by 30.8% in the 1st quarter. Vident Advisory LLC now owns 1,507,537 shares of the company’s stock valued at $9,482,000 after buying an additional 355,242 shares during the last quarter. Van ECK Associates Corp lifted its position in Energy Fuels by 44.4% in the second quarter. Van ECK Associates Corp now owns 1,277,401 shares of the company’s stock valued at $7,742,000 after acquiring an additional 392,862 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in shares of Energy Fuels by 19.7% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,095,044 shares of the company’s stock worth $6,636,000 after purchasing an additional 179,900 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Energy Fuels Company Profile

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.