B. Riley Initiates Coverage on Energy Fuels (NYSEAMERICAN:UUUU)

Equities researchers at B. Riley initiated coverage on shares of Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) in a research note issued on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $9.00 price target on the basic materials company’s stock. B. Riley’s price objective suggests a potential upside of 54.11% from the company’s previous close.

Separately, Roth Mkm lifted their target price on Energy Fuels from $9.25 to $10.50 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.83.

Energy Fuels Trading Down 0.2 %

UUUU stock opened at $5.84 on Thursday. Energy Fuels has a twelve month low of $4.99 and a twelve month high of $9.02. The company has a market cap of $941.82 million, a price-to-earnings ratio of 9.27 and a beta of 1.53. The company’s 50 day moving average is $6.87.

Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) last posted its quarterly earnings data on Friday, February 23rd. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The company had revenue of $0.47 million for the quarter, compared to the consensus estimate of $6.45 million. Energy Fuels had a net margin of 263.04% and a negative return on equity of 7.97%. On average, equities research analysts predict that Energy Fuels will post -0.19 earnings per share for the current year.

Insider Activity

In other news, Director J. Birks Bovaird sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $9.28, for a total value of $92,800.00. Following the transaction, the director now directly owns 187,380 shares in the company, valued at $1,738,886.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Several large investors have recently made changes to their positions in UUUU. JPMorgan Chase & Co. increased its holdings in shares of Energy Fuels by 12.6% in the first quarter. JPMorgan Chase & Co. now owns 117,025 shares of the basic materials company’s stock worth $1,071,000 after purchasing an additional 13,083 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Energy Fuels by 187.3% in the first quarter. Bank of New York Mellon Corp now owns 1,484,213 shares of the basic materials company’s stock worth $13,581,000 after purchasing an additional 967,543 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Energy Fuels by 45.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 22,403 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 7,000 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Energy Fuels by 8.0% in the first quarter. Bank of Montreal Can now owns 489,981 shares of the basic materials company’s stock worth $4,585,000 after purchasing an additional 36,152 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Energy Fuels by 40.1% in the first quarter. MetLife Investment Management LLC now owns 74,736 shares of the basic materials company’s stock worth $684,000 after purchasing an additional 21,383 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

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.