Energy Fuels (NYSE:UUUU) Releases Quarterly Earnings Results, Hits Expectations

Energy Fuels (NYSE:UUUU) posted its earnings results on Friday. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02, reports. Energy Fuels had a negative net margin of 24.83% and a negative return on equity of 6.33%. The business had revenue of $25.43 million for the quarter, compared to the consensus estimate of $26.25 million.

Energy Fuels Stock Down 1.1 %

Shares of NYSE UUUU opened at $5.54 on Monday. The firm has a 50-day simple moving average of $6.65. Energy Fuels has a 52 week low of $5.16 and a 52 week high of $9.02.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Roth Mkm upped their price objective on shares of Energy Fuels from $9.25 to $10.50 and gave the company a “buy” rating in a report on Tuesday, January 23rd. B. Riley began coverage on shares of Energy Fuels in a research note on Thursday, April 18th. They set a “buy” rating and a $9.00 price target on the stock. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Energy Fuels presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $9.28, for a total transaction of $92,800.00. Following the transaction, the director now owns 187,380 shares of the company’s stock, valued at $1,738,886.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.92% of the stock is owned by insiders.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Shell Asset Management Co. boosted its position in shares of Energy Fuels by 940.4% during the third quarter. Shell Asset Management Co. now owns 133,302 shares of the company’s stock worth $1,096,000 after buying an additional 120,490 shares during the period. Vanguard Group Inc. boosted its stake in shares of Energy Fuels by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,820,471 shares of the company’s stock valued at $47,844,000 after purchasing an additional 19,558 shares during the period. Jump Financial LLC acquired a new position in shares of Energy Fuels in the third quarter valued at approximately $2,840,000. Ameriprise Financial Inc. increased its stake in Energy Fuels by 17.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,879,065 shares of the company’s stock worth $56,546,000 after buying an additional 1,009,007 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Energy Fuels by 7.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,368,888 shares of the company’s stock valued at $67,498,000 after buying an additional 638,709 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Company Profile

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.