Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 8.7% - Here's Why

Key Points

• Energy Fuels (UUUU) shares fell 8.7% on Friday to about $21.31 from a prior close of $23.35, with ~6.95M shares traded — roughly 45% below average daily volume.
• Analyst sentiment is largely positive: the consensus rating is a “Moderate Buy” with an average target of $25.38 and recent upgrades including Goldman Sachs initiating coverage with a $30 target.
• Recent results and activity are mixed — the company missed quarterly EPS (-$0.04 vs. -$0.02), reported negative net margin and ROE despite revenue rising ~112% year-over-year, and insiders have sold shares recently.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price dropped 8.7% during trading on Friday . The company traded as low as $21.22 and last traded at $21.31. Approximately 6,950,985 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 12,589,112 shares. The stock had previously closed at $23.35.

Analyst Upgrades and Downgrades

UUUU has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Energy Fuels in a research note on Tuesday, February 10th. They issued a "buy" rating and a $30.00 price objective for the company. Roth Mkm raised Energy Fuels from a "sell" rating to a "neutral" rating and raised their price objective for the company from $13.00 to $15.50 in a research note on Wednesday, January 28th. HC Wainwright raised their price objective on Energy Fuels from $27.25 to $29.00 and gave the company a "buy" rating in a research note on Friday. Finally, B. Riley Financial raised their price objective on Energy Fuels to $27.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.38.

Energy Fuels Stock Down 8.4%

The company has a debt-to-equity ratio of 0.99, a current ratio of 30.69 and a quick ratio of 28.34. The stock has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $18.87. The company has a market cap of $5.08 billion, a P/E ratio of -73.79 and a beta of 1.52.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.42%. During the same period in the prior year, the business posted ($0.13) earnings per share. Energy Fuels's revenue for the quarter was up 112.1% compared to the same quarter last year. On average, research analysts expect that Energy Fuels Inc will post -0.06 EPS for the current year.

Insider Buying and Selling

In other news, VP Curtis Moore sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $23.12, for a total value of $231,200.00. Following the transaction, the vice president owned 112,415 shares in the company, valued at $2,599,034.80. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel Kapostasy sold 25,000 shares of Energy Fuels stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $18.84, for a total value of $471,000.00. Following the sale, the vice president owned 38,286 shares in the company, valued at $721,308.24. This trade represents a 39.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,000 shares of company stock worth $1,361,200 over the last three months. Company insiders own 0.97% of the company's stock.

Institutional Trading of Energy Fuels

A number of hedge funds have recently bought and sold shares of UUUU. Vanguard Group Inc. lifted its holdings in Energy Fuels by 50.6% during the third quarter. Vanguard Group Inc. now owns 11,883,042 shares of the company's stock worth $182,420,000 after acquiring an additional 3,991,202 shares during the period. Van ECK Associates Corp lifted its holdings in Energy Fuels by 35.4% during the third quarter. Van ECK Associates Corp now owns 10,194,742 shares of the company's stock worth $156,489,000 after acquiring an additional 2,664,735 shares during the period. Bank of America Corp DE lifted its holdings in Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock worth $25,105,000 after acquiring an additional 2,111,466 shares during the period. Morgan Stanley lifted its holdings in Energy Fuels by 108.7% during the fourth quarter. Morgan Stanley now owns 3,952,694 shares of the company's stock worth $57,472,000 after acquiring an additional 2,058,920 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Energy Fuels by 530.6% during the second quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock worth $11,892,000 after acquiring an additional 1,740,183 shares during the period. 48.24% of the stock is currently owned by institutional investors.

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.

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