Energy Fuels Inc (NYSEAMERICAN:UUUU) Stock Has Average Price Target of $21.85 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Energy Fuels, with five buy ratings, one hold and one sell; the average 12-month price target is $21.85.
• Energy Fuels shares opened at $10.73, near their 52-week low of $10.64, and recently reported a quarterly loss of $0.13 per share—worse than the expected $0.04 loss—on $25.11 million in revenue.
• Company insiders increased their holdings through purchases, including a 74,000-share buy by CEO Ross Bhappu, while institutional investors own 48.24% of the stock.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.85.

Several research firms recently issued reports on UUUU. HC Wainwright upped their price objective on Energy Fuels from $29.00 to $29.25 and gave the company a "buy" rating in a research report on Tuesday, September 1st. The Goldman Sachs Group reduced their target price on Energy Fuels from $29.00 to $21.00 and set a "buy" rating for the company in a report on Friday, June 12th. BMO Capital Markets assumed coverage on Energy Fuels in a research note on Friday, August 14th. They issued an "outperform" rating and a $18.00 price target for the company. B. Riley Financial lowered their price target on Energy Fuels from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, August 10th. Finally, UBS Group raised Energy Fuels to a "neutral" rating in a research report on Friday, August 14th.

Insider Transactions at Energy Fuels

In related news, CEO Ross R. Bhappu bought 74,000 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce D. Hansen bought 4,000 shares of the stock in a transaction on Wednesday, July 8th. The shares were bought at an average price of $12.70 per share, for a total transaction of $50,800.00. Following the purchase, the director directly owned 313,844 shares in the company, valued at approximately $3,985,818.80. This trade represents a 1.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its holdings in Energy Fuels by 17.1% in the first quarter. Sound Income Strategies LLC now owns 4,100 shares of the company's stock valued at $74,000 after acquiring an additional 600 shares during the period. Wealthfront Advisers LLC boosted its position in Energy Fuels by 3.6% in the first quarter. Wealthfront Advisers LLC now owns 19,697 shares of the company's stock worth $359,000 after purchasing an additional 677 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Energy Fuels by 74.5% during the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company's stock valued at $25,000 after purchasing an additional 741 shares during the period. Abel Hall LLC grew its stake in shares of Energy Fuels by 6.6% during the 1st quarter. Abel Hall LLC now owns 13,737 shares of the company's stock valued at $251,000 after purchasing an additional 856 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Energy Fuels by 9.6% during the 1st quarter. Principal Financial Group Inc. now owns 11,856 shares of the company's stock valued at $216,000 after purchasing an additional 1,043 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Stock Up 0.2%

Shares of Energy Fuels stock opened at $10.73 on Friday. The company has a 50-day simple moving average of $13.19 and a two-hundred day simple moving average of $15.77. The stock has a market capitalization of $2.84 billion, a PE ratio of -33.53 and a beta of 1.77. Energy Fuels has a 52-week low of $10.64 and a 52-week high of $27.90. 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 (NYSEAMERICAN:UUUU - Get Free Report) 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). The firm had revenue of $25.11 million for the quarter. Energy Fuels had a negative net margin of 77.75% and a negative return on equity of 11.29%. On average, analysts anticipate that Energy Fuels will post -0.25 EPS for the current fiscal year.

Energy Fuels Company Profile

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.

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