Energy Fuels (NYSEAMERICAN:UUUU) Sets New 1-Year Low – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $10.54 and last traded at $10.57, with a volume of 2318526 shares traded. The stock had previously closed at $11.26.

Analysts Set New Price Targets

Several analysts have weighed in on UUUU shares. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, August 7th. BMO Capital Markets started coverage on Energy Fuels in a research note on Friday, August 14th. They issued an “outperform” rating and a $18.00 price objective for the company. The Goldman Sachs Group decreased their target price on Energy Fuels from $29.00 to $21.00 and set a “buy” rating for the company in a report on Friday, June 12th. B. Riley Financial cut their price target on shares of Energy Fuels from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, HC Wainwright increased their price target on shares of Energy Fuels from $29.00 to $29.25 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.85.

Energy Fuels Stock Performance

The firm’s fifty day simple moving average is $13.17 and its 200 day simple moving average is $15.63. The company has a market capitalization of $2.80 billion, a PE ratio of -33.06 and a beta of 1.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 27.90 and a quick ratio of 25.87.

Energy Fuels (NYSEAMERICAN:UUUU) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). The company had revenue of $25.11 million for the quarter. Energy Fuels had a negative net margin of 77.75% and a negative return on equity of 11.29%. On average, research analysts predict that Energy Fuels Inc will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently bought and sold shares of UUUU. Goehring & Rozencwajg Associates LLC grew its stake in shares of Energy Fuels by 20.8% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company’s stock worth $27,099,000 after purchasing an additional 255,494 shares during the period. SG Americas Securities LLC boosted its holdings in Energy Fuels by 36.6% during the first quarter. SG Americas Securities LLC now owns 1,010,166 shares of the company’s stock worth $18,436,000 after buying an additional 270,811 shares in the last quarter. Royal Bank of Canada grew its position in Energy Fuels by 876.1% during the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock valued at $15,953,000 after buying an additional 986,758 shares during the period. The Manufacturers Life Insurance Company grew its position in Energy Fuels by 0.5% during the first quarter. The Manufacturers Life Insurance Company now owns 789,638 shares of the company’s stock valued at $14,431,000 after buying an additional 3,732 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Energy Fuels in the second quarter valued at $9,331,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Company Profile

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.