Energy Fuels (NYSEAMERICAN:UUUU) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Energy Fuels to “strong sell” from “hold.” Despite the downgrade, MarketBeat’s consensus rating remained “Moderate Buy,” with an average price target of $19.30.
• HC Wainwright and B. Riley lowered their price targets to $22.50 and $19, respectively, while keeping “buy” ratings.
• Shares opened at $6.74 after falling 7.8%; the company also missed quarterly EPS expectations, reporting a loss of $0.20 per share versus the estimated loss of $0.10, though revenue rose 64.8% year over year.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. HC Wainwright lowered their target price on shares of Energy Fuels from $29.25 to $22.50 and set a "buy" rating for the company in a report on Thursday, November 5th. B. Riley Financial cut their price target on shares of Energy Fuels from $25.00 to $19.00 and set a "buy" rating on the stock in a research note on Wednesday, October 28th. UBS Group upgraded shares of Energy Fuels to a "neutral" rating in a report on Friday, August 14th. Roth Capital raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 price objective for the company in a research note on Friday, August 7th. Finally, BMO Capital Markets initiated coverage on Energy Fuels in a research report on Friday, August 14th. They issued an "outperform" rating and a $18.00 target price on the stock. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Energy Fuels currently has an average rating of "Moderate Buy" and a consensus price target of $19.30.

Energy Fuels Trading Down 7.8%

Shares of NYSEAMERICAN:UUUU opened at $6.74 on Monday. The business has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $15.82. Energy Fuels has a 52 week low of $6.21 and a 52 week high of $27.90. The company has a quick ratio of 18.60, a current ratio of 20.49 and a debt-to-equity ratio of 0.70.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). Energy Fuels had a negative return on equity of 14.83% and a negative net margin of 100.40%. The business had revenue of $29.18 million for the quarter. The company's quarterly revenue was up 64.8% compared to the same quarter last year. On average, sell-side analysts predict that Energy Fuels will post -0.38 EPS for the current year.

Institutional Trading of Energy Fuels

Several institutional investors have recently added to or reduced their stakes in UUUU. Alps Advisors Inc. increased its position in shares of Energy Fuels by 13.9% in the 3rd quarter. Alps Advisors Inc. now owns 11,060,390 shares of the company's stock worth $121,996,000 after purchasing an additional 1,349,502 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in shares of Energy Fuels by 20.8% during 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. Robertson Stephens Wealth Management LLC lifted its position in shares of Energy Fuels by 4.6% during the third quarter. Robertson Stephens Wealth Management LLC now owns 994,702 shares of the company's stock worth $10,972,000 after purchasing an additional 44,193 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Energy Fuels by 876.1% during the first quarter. Royal Bank of Canada now owns 874,126 shares of the company's stock worth $15,953,000 after purchasing an additional 986,758 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Energy Fuels by 0.5% in the first quarter. The Manufacturers Life Insurance Company now owns 789,638 shares of the company's stock worth $14,431,000 after purchasing an additional 3,732 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Company Profile

Energy Fuels Inc. is a U.S.-based critical minerals company focused on uranium, rare earth elements and mineral sands. Its uranium business includes mining projects in the western United States and the White Mesa Mill in Utah, where the company processes uranium ore into uranium concentrate for the nuclear fuel market. The mill is also used to process materials containing rare earth elements and vanadium. At White Mesa, Energy Fuels has been developing its rare earth processing capabilities, including the production of rare earth products from monazite-bearing materials.

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