Energy Fuels (NYSEAMERICAN:UUUU) Hits New 52-Week Low – Here’s What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU) reached a new 52-week low during trading on Tuesday. The company traded as low as $7.24 and last traded at $7.27, with a volume of 2,496,957 shares. The stock had previously closed at $7.39.

Key Stories Impacting Energy Fuels

Here are the key news stories impacting Energy Fuels this week:

• Positive Sentiment: HC Wainwright maintained its “buy” rating and sees substantial potential upside from the current share price, although it cut its price target to $22.50 from $29.25. HC Wainwright ratings
• Neutral Sentiment: Energy Fuels appointed mining executive Jeffrey Olsen, formerly CEO of Boart Longyear, to its board and audit committee. The appointment adds industry and financial experience, but its near-term effect on results is unclear. Board appointment announcement
• Negative Sentiment: The company reported a third-quarter loss of $0.20 per share, double the $0.10 loss analysts expected, and wider than its $0.07 loss a year earlier. Revenue rose 64.8% year over year to $29.18 million, but the earnings miss and reported negative margins highlight ongoing unprofitability. Third-quarter results
• Negative Sentiment: Law firm Block & Leviton announced an investigation into potential securities-law violations following acquisition disclosures. The investigation is an allegation, not a finding, but may add uncertainty for investors. Investigation announcement

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UUUU. Zacks Research upgraded shares of Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. B. Riley Financial dropped their target price on shares of Energy Fuels from $25.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. HC Wainwright cut their price target on Energy Fuels from $29.25 to $22.50 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets initiated coverage on Energy Fuels in a report on Friday, August 14th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Energy Fuels has a consensus rating of “Moderate Buy” and an average target price of $19.30.

Energy Fuels Stock Performance

The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $10.72 and its 200 day simple moving average is $16.07.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its earnings results on Wednesday, November 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The firm had revenue of $29.18 million during the quarter. Energy Fuels had a negative return on equity of 16.00% and a negative net margin of 100.40%. The company’s revenue was up 64.8% compared to the same quarter last year. As a group, equities analysts expect that Energy Fuels Inc will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Energy Fuels

Large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in shares of Energy Fuels by 13.9% during the 3rd quarter. Alps Advisors Inc. now owns 11,060,390 shares of the company’s stock valued at $121,996,000 after acquiring an additional 1,349,502 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Energy Fuels by 876.1% in the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock valued at $15,953,000 after purchasing an additional 986,758 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Energy Fuels in the second quarter valued at $9,331,000. Renaissance Technologies LLC bought a new stake in Energy Fuels in the first quarter worth $11,640,000. Finally, Temasek Holdings Private Ltd bought a new stake in Energy Fuels in the first quarter worth $10,183,000. 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 the exploration, recovery, processing and production of uranium, vanadium and rare earth elements. The company supplies uranium concentrates for the nuclear energy industry and also develops other critical mineral products used in advanced manufacturing, electronics and clean-energy technologies.

Energy Fuels owns and operates the White Mesa Mill in Utah, a major U.S. facility capable of processing conventional uranium and vanadium ores as well as certain alternative feed materials.