Energy Fuels (NYSE:UUUU) Stock Price Up 3.7% – Time to Buy?

Energy Fuels Inc. (NYSE:UUUU)’s stock price rose 3.7% on Friday . The stock traded as high as $7.00 and last traded at $6.95. Approximately 1,795,348 shares traded hands during trading, a decline of 42% from the average daily volume of 3,101,200 shares. The stock had previously closed at $6.70.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UUUU shares. HC Wainwright upped their price target on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Roth Mkm decreased their target price on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating for the company in a report on Monday, November 4th.

Energy Fuels Price Performance

The stock has a market cap of $1.29 billion, a PE ratio of -30.18 and a beta of 1.60. The company has a 50 day moving average price of $5.78 and a two-hundred day moving average price of $5.72.

Energy Fuels (NYSE:UUUU) last issued its earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The business had revenue of $4.05 million during the quarter, compared to analysts’ expectations of $5.10 million. Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. As a group, equities analysts predict that Energy Fuels Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted 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 worth $7,742,000 after purchasing an additional 392,862 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of Energy Fuels by 94.9% in the first quarter. Shell Asset Management Co. now owns 207,465 shares of the company’s stock worth $1,305,000 after buying an additional 101,033 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its position in Energy Fuels by 19.7% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,095,044 shares of the company’s stock valued at $6,636,000 after buying an additional 179,900 shares during the period. BNP Paribas Financial Markets increased its holdings in Energy Fuels by 54.4% during the first quarter. BNP Paribas Financial Markets now owns 124,693 shares of the company’s stock valued at $784,000 after buying an additional 43,940 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Energy Fuels by 14.6% during the second quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock valued at $143,000 after buying an additional 3,014 shares during the last quarter. 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.