HC Wainwright Issues Pessimistic Forecast for Energy Fuels (NYSEAMERICAN:UUUU) Stock Price

Key Points

• HC Wainwright lowered its Energy Fuels price target from $29.25 to $22.50 but maintained a Buy rating; the new target implied 246.63% upside from the prior close.
• Shares fell 9.6% to $6.49 in Thursday midday trading, near the stock’s 52-week low of $6.21.
• Energy Fuels reported a quarterly loss of $0.20 per share, missing analysts’ $0.10 loss estimate, despite revenue rising 64.8% year over year. Analysts’ average rating was Moderate Buy, with an average price target of $19.30.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) had its price target decreased by stock analysts at HC Wainwright from $29.25 to $22.50 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price target would indicate a potential upside of 246.63% from the stock's previous close.

Several other brokerages have also recently issued reports on UUUU. BMO Capital Markets initiated coverage on Energy Fuels in a research report on Friday, August 14th. They set an "outperform" rating and a $18.00 target price on the stock. UBS Group upgraded Energy Fuels to a "neutral" rating in a research report on Friday, August 14th. Roth Capital raised Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 price target on the stock in a research report on Friday, August 7th. Zacks Research raised shares of Energy Fuels from a "strong sell" rating to a "hold" rating in a report on Friday, October 9th. Finally, B. Riley Financial dropped their price objective on Energy Fuels from $25.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Energy Fuels has an average rating of "Moderate Buy" and an average price target of $19.30.

Energy Fuels Trading Down 9.6%

UUUU stock traded down $0.69 during midday trading on Thursday, reaching $6.49. 8,366,431 shares of the company traded hands, compared to its average volume of 10,210,557. The business has a 50 day moving average of $10.90 and a 200-day moving average of $16.15. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -20.11 and a beta of 1.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 25.87 and a current ratio of 27.90. Energy Fuels has a 52-week low of $6.21 and a 52-week high of $27.90.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its quarterly 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). The business had revenue of $29.18 million during the quarter. Energy Fuels had a negative return on equity of 11.29% and a negative net margin of 77.75%. The company's quarterly revenue was up 64.8% compared to the same quarter last year. As a group, sell-side analysts expect that Energy Fuels will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors have recently modified their holdings of UUUU. Knuff & Co LLC purchased a new position in Energy Fuels during the second quarter worth about $54,000. BOCHK Asset Management Ltd acquired a new position in Energy Fuels during the 3rd quarter worth approximately $55,000. Ascentis Independent Advisors acquired a new position in Energy Fuels during the 1st quarter worth approximately $57,000. CoreCap Advisors LLC raised its stake in shares of Energy Fuels by 591.7% during the 2nd quarter. CoreCap Advisors LLC now owns 4,150 shares of the company's stock worth $60,000 after buying an additional 3,550 shares in the last quarter. Finally, Hilltop National Bank raised its stake in shares of Energy Fuels by 39.1% during the 2nd quarter. Hilltop National Bank now owns 4,284 shares of the company's stock worth $62,000 after buying an additional 1,204 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

About Energy Fuels

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.

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