Energy Fuels (NYSEAMERICAN:UUUU) Upgraded at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Energy Fuels to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $21.80.
• Energy Fuels shares opened at $15.10, up 3.6%, but the company recently reported a quarterly loss of $0.13 per share, missing the $0.04-per-share consensus estimate.
• CEO Ross Bhappu and director Bruce Hansen bought additional shares in July, while institutional investors own 48.24% of Energy Fuels.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other brokerages also recently commented on UUUU. Zacks Research downgraded Energy Fuels from a "hold" rating to a "strong sell" rating in a research report on Tuesday. The Goldman Sachs Group decreased their price target on Energy Fuels from $29.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, June 12th. B. Riley Financial reduced their price objective on shares of Energy Fuels from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Roth Capital upgraded shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 price target on the stock in a report on Friday, August 7th. Finally, HC Wainwright reiterated a "buy" rating and set a $29.00 price objective on shares of Energy Fuels in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.80.

Energy Fuels Trading Up 3.6%

Shares of Energy Fuels stock opened at $15.10 on Friday. The business has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $17.83. Energy Fuels has a fifty-two week low of $8.16 and a fifty-two week high of $27.90. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -47.19 and a beta of 1.53. The company has a quick ratio of 25.59, a current ratio of 27.90 and a debt-to-equity ratio of 0.85.

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

Insider Activity

In other news, CEO Ross R. Bhappu purchased 74,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $13.08 per share, with a total value of $967,920.00. Following the purchase, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce D. Hansen bought 4,000 shares of Energy Fuels stock in a transaction on Wednesday, July 8th. The stock was acquired at an average price of $12.70 per share, with a total value of $50,800.00. Following the completion of the purchase, the director directly owned 313,844 shares of the company's stock, valued at approximately $3,985,818.80. The trade was a 1.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Fuels

A number of large investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its holdings 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 worth $25,000 after buying an additional 741 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Energy Fuels by 75.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company's stock worth $25,000 after purchasing an additional 758 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Energy Fuels during the 4th quarter valued at approximately $27,000. State of Wyoming bought a new position in Energy Fuels in the 4th quarter worth approximately $34,000. Finally, EFG International AG acquired a new position in shares of Energy Fuels during the fourth quarter worth approximately $36,000. 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.

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