Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 8.7% – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares fell 8.7% during mid-day trading on Friday . The stock traded as low as $21.22 and last traded at $21.31. 6,950,985 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 12,589,112 shares. The stock had previously closed at $23.35.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UUUU. The Goldman Sachs Group began coverage on Energy Fuels in a research note on Tuesday, February 10th. They issued a “buy” rating and a $30.00 target price on the stock. B. Riley Financial boosted their target price on Energy Fuels to $27.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. HC Wainwright boosted their target price on Energy Fuels from $27.25 to $29.00 and gave the company a “buy” rating in a research note on Friday. Finally, Roth Mkm upgraded Energy Fuels from a “sell” rating to a “neutral” rating and boosted their target price for the company from $13.00 to $15.50 in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.38.

Energy Fuels Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 30.69 and a quick ratio of 28.34. The stock has a market capitalization of $5.08 billion, a P/E ratio of -73.79 and a beta of 1.52. The company has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $18.87.

Energy Fuels (NYSEAMERICAN:UUUU) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.42%. During the same period in the prior year, the business earned ($0.13) EPS. The business’s revenue was up 112.1% on a year-over-year basis. On average, equities analysts forecast that Energy Fuels Inc will post -0.06 EPS for the current year.

Insider Buying and Selling

In related news, Director Dennis Lyle Higgs sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $20.64, for a total transaction of $123,840.00. Following the sale, the director directly owned 151,113 shares in the company, valued at approximately $3,118,972.32. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Curtis Moore sold 10,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $23.12, for a total value of $231,200.00. Following the sale, the vice president owned 112,415 shares in the company, valued at approximately $2,599,034.80. The trade was a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,000 shares of company stock valued at $1,361,200. 0.97% of the stock is owned by company insiders.

Institutional Trading of Energy Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Energy Fuels by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company’s stock valued at $217,449,000 after purchasing an additional 3,095,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Energy Fuels by 11.5% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,246,295 shares of the company’s stock valued at $188,085,000 after purchasing an additional 1,264,050 shares during the period. Van ECK Associates Corp raised its stake in shares of Energy Fuels by 18.8% during the 4th quarter. Van ECK Associates Corp now owns 12,108,694 shares of the company’s stock valued at $176,052,000 after purchasing an additional 1,913,952 shares during the period. Ameriprise Financial Inc. grew its position in Energy Fuels by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company’s stock worth $52,918,000 after buying an additional 410,894 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company’s stock worth $25,105,000 after buying an additional 2,111,466 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

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.