B. Riley Financial Has Lowered Expectations for Energy Fuels (NYSEAMERICAN:UUUU) Stock Price

Key Points

• B. Riley Financial lowered Energy Fuels’ price target from $27 to $25 while maintaining a “Buy” rating, implying roughly 76% upside from the stock’s $14.21 price. Analysts overall remain bullish, with a consensus “Buy” rating and average target of $22.75.
• Energy Fuels reported a quarterly loss of $0.13 per share, missing the $0.04 loss consensus estimate, on revenue of $25.11 million. Analysts expect a full-year loss of approximately $0.17 per share.
• Company insiders purchased shares, including CEO Ross Bhappu’s acquisition of 74,000 shares and director Bruce Hansen’s purchase of 4,000 shares. Institutional investors own 48.24% of the stock, with major holders including Vanguard and VanEck increasing their positions.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) had its target price decreased by equities research analysts at B. Riley Financial from $27.00 to $25.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's target price points to a potential upside of 75.93% from the stock's current price.

Several other equities analysts have also commented on UUUU. HC Wainwright reissued a "buy" rating and issued a $29.00 target price on shares of Energy Fuels in a report on Monday, June 22nd. The Goldman Sachs Group reduced their price target on shares of Energy Fuels from $29.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday, June 12th. Finally, Roth Capital upgraded 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 report on Friday. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $22.75.

Energy Fuels Price Performance

NYSEAMERICAN UUUU traded up $0.07 during midday trading on Monday, hitting $14.21. The company had a trading volume of 4,126,997 shares, compared to its average volume of 11,181,175. The firm has a 50-day moving average price of $13.94 and a 200-day moving average price of $18.12. The company has a market capitalization of $3.55 billion, a PE ratio of -44.41 and a beta of 1.53. The company has a current ratio of 27.51, a quick ratio of 25.59 and a debt-to-equity ratio of 0.93. Energy Fuels has a twelve month low of $8.16 and a twelve month high of $27.90.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The company had revenue of $25.11 million for the quarter. Energy Fuels had a negative return on equity of 11.65% and a negative net margin of 77.75%. As a group, analysts anticipate that Energy Fuels will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Bruce D. Hansen bought 4,000 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired 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 directly owned 313,844 shares in the company, valued at approximately $3,985,818.80. This represents a 1.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ross R. Bhappu bought 74,000 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of $13.08 per share, for a total transaction of $967,920.00. Following the transaction, the chief executive officer owned 256,583 shares in the company, valued at $3,356,105.64. This represents a 40.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Energy Fuels by 26.1% in the 4th quarter. Vanguard Group Inc. now owns 14,978,848 shares of the company's stock valued at $217,449,000 after buying an additional 3,095,806 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Energy Fuels by 18.8% in the 4th quarter. Van ECK Associates Corp now owns 12,108,694 shares of the company's stock worth $176,052,000 after acquiring an additional 1,913,952 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Energy Fuels by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company's stock worth $52,918,000 after acquiring an additional 410,894 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Energy Fuels by 93.6% in the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock valued at $25,105,000 after purchasing an additional 2,111,466 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Energy Fuels by 108.7% during the fourth quarter. Morgan Stanley now owns 3,952,694 shares of the company's stock valued at $57,472,000 after purchasing an additional 2,058,920 shares in the last quarter. Institutional investors own 48.24% of the company's stock.

Energy Fuels Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source