IsoEnergy (NYSEAMERICAN:ISOU) Stock Falls 8.7% – Time to Sell?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) fell 8.7% during mid-day trading on Tuesday. The company traded as low as $8.23 and last traded at $8.19. Approximately 20,610 shares traded hands during trading, a decline of 84% from the average daily volume of 131,740 shares. The stock had previously closed at $8.97.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada initiated coverage on shares of IsoEnergy in a research note on Thursday, October 1st. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

IsoEnergy Trading Down 9.8%

The firm has a market capitalization of $528.44 million, a PE ratio of -89.32 and a beta of 1.87. The business’s 50 day simple moving average is $9.42 and its two-hundred day simple moving average is $10.43.

IsoEnergy (NYSEAMERICAN:ISOU) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). As a group, equities research analysts anticipate that IsoEnergy Ltd. will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in IsoEnergy by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 932,342 shares of the company’s stock worth $9,046,000 after purchasing an additional 7,665 shares during the last quarter. Masters Capital Management LLC bought a new stake in shares of IsoEnergy during the 1st quarter valued at about $7,378,000. Firetrail Investments PTY Ltd. bought a new stake in shares of IsoEnergy during the 2nd quarter valued at about $2,903,000. Acasta Partners UK LLP bought a new stake in shares of IsoEnergy during the 3rd quarter valued at about $1,341,000. Finally, Bank of America Corp DE increased its position in shares of IsoEnergy by 13.5% during the 1st quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock valued at $1,181,000 after purchasing an additional 13,363 shares during the last quarter.

IsoEnergy Company Profile

IsoEnergy Ltd. is a uranium exploration and development company focused primarily on identifying and advancing uranium resources in Canada’s Athabasca Basin, one of the world’s leading uranium-producing regions. The company’s activities include mineral exploration, geological evaluation, resource definition and the development of potential uranium mining projects. IsoEnergy’s flagship asset is the Hurricane uranium deposit at its Larocque East property in northern Saskatchewan. The company has described Hurricane as a high-grade uranium discovery and continues to evaluate its development potential through exploration, technical studies and related project work.