HC Wainwright Reaffirms Buy Rating for Energy Fuels (NYSEAMERICAN:UUUU)

Energy Fuels (NYSEAMERICAN:UUUU)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a report issued on Monday,Benzinga reports. They presently have a $29.00 target price on the stock. HC Wainwright’s price objective points to a potential upside of 78.35% from the company’s current price.

A number of other research firms have also weighed in on UUUU. The Goldman Sachs Group cut their price objective on Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Roth Mkm reissued a “neutral” rating and set a $17.00 target price on shares of Energy Fuels in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Energy Fuels Trading Down 1.8%

NYSEAMERICAN:UUUU traded down $0.30 on Monday, reaching $16.26. The company’s stock had a trading volume of 5,337,624 shares, compared to its average volume of 12,128,503. Energy Fuels has a 12-month low of $5.33 and a 12-month high of $27.90. The stock has a 50 day moving average price of $18.73 and a 200 day moving average price of $18.96. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -56.07 and a beta of 1.45. The company has a quick ratio of 25.59, a current ratio of 27.51 and a debt-to-equity ratio of 0.93.

Energy Fuels (NYSEAMERICAN:UUUU) last announced its earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Energy Fuels had a negative return on equity of 10.23% and a negative net margin of 83.26%.During the same quarter in the previous year, the business posted ($0.13) EPS. Energy Fuels’s revenue for the quarter was up 112.1% compared to the same quarter last year. On average, equities analysts anticipate that Energy Fuels will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Energy Fuels

In other news, VP Daniel Kapostasy sold 15,000 shares of Energy Fuels stock in a transaction on Friday, April 10th. The shares were sold at an average price of $18.71, for a total transaction of $280,650.00. Following the completion of the sale, the vice president directly owned 30,486 shares of the company’s stock, valued at approximately $570,393.06. The trade was a 32.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.97% of the company’s stock.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. lifted its holdings in Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock worth $25,000 after buying an additional 741 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Energy Fuels by 75.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 758 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of Energy Fuels in the 4th quarter valued at about $27,000. State of Wyoming purchased a new position in shares of Energy Fuels in the 4th quarter valued at about $34,000. Finally, EFG International AG acquired a new stake in shares of Energy Fuels during the 4th quarter worth about $36,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

About Energy Fuels

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.