Energy Fuels (NYSEAMERICAN:UUUU) Sets New 52-Week Low – Time to Sell?

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $10.64 and last traded at $10.71, with a volume of 2484493 shares. The stock had previously closed at $11.03.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HC Wainwright upped their target price on shares of Energy Fuels from $29.00 to $29.25 and gave the company a “buy” rating in a report on Tuesday, September 1st. UBS Group upgraded shares of Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. BMO Capital Markets assumed coverage on shares of Energy Fuels in a research report on Friday, August 14th. They set an “outperform” rating and a $18.00 price objective for the company. B. Riley Financial cut their price objective on shares of Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Zacks Research lowered Energy Fuels from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.85.

Energy Fuels Stock Up 0.2%

The firm has a market capitalization of $2.84 billion, a PE ratio of -33.53 and a beta of 1.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 27.90 and a quick ratio of 25.87. The company has a 50-day moving average price of $13.19 and a 200 day moving average price of $15.77.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%.The business had revenue of $25.11 million during the quarter. Analysts forecast that Energy Fuels Inc will post -0.25 earnings per share for the current year.

Insider Buying and Selling at Energy Fuels

In related news, CEO Ross R. Bhappu bought 74,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of $13.08 per share, with a total value of $967,920.00. Following the completion of the purchase, the chief executive officer owned 256,583 shares of the company’s stock, valued at approximately $3,356,105.64. The trade was a 40.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce D. Hansen purchased 4,000 shares of Energy Fuels stock in a transaction on Wednesday, July 8th. The stock was bought at an average price of $12.70 per share, for a total transaction of $50,800.00. Following the completion of the acquisition, the director owned 313,844 shares in the company, valued at $3,985,818.80. The trade was a 1.29% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UUUU. Empowered Funds LLC raised its holdings in shares of Energy Fuels by 4,108.3% during the 1st quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock worth $9,334,000 after acquiring an additional 499,324 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Energy Fuels by 7.6% in the fourth quarter. TD Asset Management Inc now owns 1,733,338 shares of the company’s stock valued at $25,139,000 after purchasing an additional 122,086 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Energy Fuels in the first quarter valued at $6,486,000. Renaissance Technologies LLC purchased a new position in shares of Energy Fuels in the first quarter valued at $11,640,000. Finally, Goehring & Rozencwajg Associates LLC increased its position in Energy Fuels by 20.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company’s stock worth $27,099,000 after purchasing an additional 255,494 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

About Energy Fuels

Energy Fuels Inc is a U.S.-based critical minerals company focused on uranium, rare earth elements and vanadium. The company produces uranium concentrate, commonly known as yellowcake, for the nuclear energy industry and maintains a portfolio of uranium mines, mining projects and mineral properties primarily in the United States.

Energy Fuels owns and operates the White Mesa Mill in Utah, which it describes as the only conventional uranium mill currently operating in the United States.