Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up - Here's What Happened

Key Points

• Energy Fuels shares gapped higher, opening at $14.63 after closing at $13.90 and later trading at $15.28 on volume of about 2.8 million shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $21.80, despite some recent target-price cuts.
• The company reported a quarterly loss of $0.13 per share, missing estimates by $0.09, while CEO Ross Bhappu and director Bruce Hansen recently purchased Energy Fuels shares.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $13.90, but opened at $14.63. Energy Fuels shares last traded at $15.28, with a volume of 2,806,827 shares changing hands.

Wall Street Analysts Forecast Growth

UUUU has been the topic of a number of recent research reports. HC Wainwright reissued a "buy" rating and set a $29.00 price objective on shares of Energy Fuels in a research note on Monday, June 22nd. The Goldman Sachs Group cut their target price on Energy Fuels from $29.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, June 12th. B. Riley Financial reduced 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. UBS Group raised shares of Energy Fuels to a "neutral" rating in a research report on Friday, August 14th. Finally, BMO Capital Markets initiated coverage on shares of Energy Fuels in a report on Friday, August 14th. They issued an "outperform" rating and a $18.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.80.

Energy Fuels Price Performance

The stock's fifty day moving average price is $13.64 and its 200-day moving average price is $17.50. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of -46.44 and a beta of 1.53. The company has a current ratio of 27.90, a quick ratio of 25.87 and a debt-to-equity ratio of 0.85.

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

Insiders Place Their Bets

In other Energy Fuels news, Director Bruce D. Hansen bought 4,000 shares of Energy Fuels 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 completion of the transaction, the director directly owned 313,844 shares of the company's stock, valued at $3,985,818.80. This trade represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ross R. Bhappu purchased 74,000 shares of the firm's stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $13.08 per share, for a total transaction of $967,920.00. Following the purchase, the chief executive officer owned 256,583 shares in the company, valued at approximately $3,356,105.64. The trade was a 40.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in shares of Energy Fuels during the first quarter valued at about $871,000. NewEdge Advisors LLC boosted its position in shares of Energy Fuels by 67.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,876 shares of the company's stock worth $216,000 after purchasing an additional 23,356 shares during the period. Creative Planning increased its holdings in Energy Fuels by 56.9% in the 2nd quarter. Creative Planning now owns 53,344 shares of the company's stock valued at $307,000 after purchasing an additional 19,339 shares during the last quarter. Prudential Financial Inc. raised its position in Energy Fuels by 82.1% in the second quarter. Prudential Financial Inc. now owns 22,540 shares of the company's stock valued at $130,000 after purchasing an additional 10,163 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Energy Fuels by 31.7% during the second quarter. Russell Investments Group Ltd. now owns 15,994 shares of the company's stock worth $92,000 after purchasing an additional 3,854 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

About Energy Fuels

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.

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