HC Wainwright Forecasts Strong Price Appreciation for Energy Fuels (NYSE:UUUU) Stock

Energy Fuels (NYSE:UUUU) had its target price lifted by HC Wainwright from $10.75 to $11.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Energy Fuels’ FY2024 earnings at ($0.13) EPS.

Separately, Roth Mkm raised their target price on Energy Fuels from $4.75 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Energy Fuels has an average rating of “Hold” and a consensus price target of $8.50.

Energy Fuels Stock Performance

NYSE:UUUU opened at $6.34 on Monday. The stock has a market capitalization of $1.23 billion, a PE ratio of -28.82 and a beta of 1.60. Energy Fuels has a fifty-two week low of $4.19 and a fifty-two week high of $8.68. The company has a fifty day moving average of $5.54 and a two-hundred day moving average of $5.67.

Energy Fuels (NYSE:UUUU) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. The company had revenue of $4.05 million for the quarter, compared to analyst estimates of $5.10 million. Research analysts forecast that Energy Fuels will post -0.11 earnings per share for the current year.

Institutional Trading of Energy Fuels

Several large investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its holdings in shares of Energy Fuels by 18.7% during the 3rd quarter. CIBC Asset Management Inc now owns 203,278 shares of the company’s stock worth $1,117,000 after purchasing an additional 32,067 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Energy Fuels during the third quarter worth approximately $104,000. Van ECK Associates Corp boosted its stake in Energy Fuels by 84.8% during the third quarter. Van ECK Associates Corp now owns 2,360,881 shares of the company’s stock worth $12,961,000 after buying an additional 1,083,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Energy Fuels in the 3rd quarter valued at $91,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Energy Fuels in the 3rd quarter worth $64,000. Hedge funds and other 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.