Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in Energy Fuels Inc. (NYSE:UUUU)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Energy Fuels Inc. (NYSE:UUUU) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,553 shares of the company’s stock after selling 8,897 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Energy Fuels were worth $633,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in shares of Energy Fuels by 139.9% during the 4th quarter. International Assets Investment Management LLC now owns 28,221 shares of the company’s stock valued at $2,030,000 after buying an additional 16,456 shares during the period. New York State Common Retirement Fund raised its stake in shares of Energy Fuels by 8.5% during the fourth quarter. New York State Common Retirement Fund now owns 62,500 shares of the company’s stock valued at $449,000 after purchasing an additional 4,918 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Energy Fuels by 956.1% during the fourth quarter. Russell Investments Group Ltd. now owns 12,494 shares of the company’s stock worth $90,000 after purchasing an additional 11,311 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Energy Fuels by 13.6% in the fourth quarter. National Bank of Canada FI now owns 80,932 shares of the company’s stock valued at $561,000 after purchasing an additional 9,671 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Energy Fuels by 18.9% during the 4th quarter. Private Advisor Group LLC now owns 83,002 shares of the company’s stock valued at $597,000 after purchasing an additional 13,187 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Energy Fuels Price Performance

UUUU opened at $4.36 on Friday. The company has a market cap of $703.15 million, a P/E ratio of -62.29 and a beta of 1.62. The business has a 50-day moving average of $5.29. Energy Fuels Inc. has a 1-year low of $4.19 and a 1-year high of $9.02.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. Energy Fuels had a negative return on equity of 6.56% and a negative net margin of 27.23%. The firm had revenue of $8.72 million during the quarter, compared to analyst estimates of $3.85 million. As a group, sell-side analysts expect that Energy Fuels Inc. will post -0.11 earnings per share for the current year.

Energy Fuels 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.