Bank of New York Mellon Corp Acquires New Shares in Energy Fuels Inc $UUUU

Key Points

• Bank of New York Mellon acquired 643,486 shares of Energy Fuels during the second quarter, valued at approximately $9.3 million and representing about 0.26% of the company. Institutional investors collectively own 48.24% of UUUU.
• Analysts remain broadly positive, with five Buy ratings, one Hold and one Sell; the stock carries a “Moderate Buy” consensus and an average price target of $21.85.
• Energy Fuels reported a quarterly loss of $0.13 per share, missing the $0.04 consensus estimate, while revenue reached $25.11 million. The CEO and a director also purchased company shares in July.

Bank of New York Mellon Corp acquired a new position in shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 643,486 shares of the company's stock, valued at approximately $9,331,000. Bank of New York Mellon Corp owned about 0.26% of Energy Fuels as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. raised its holdings in Energy Fuels by 74.5% in the 4th quarter. Harbour Investments Inc. now owns 1,736 shares of the company's stock valued at $25,000 after buying an additional 741 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in 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 buying an additional 758 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Energy Fuels during the 4th quarter worth approximately $27,000. State of Wyoming bought a new stake in Energy Fuels during the 4th quarter worth approximately $34,000. Finally, EFG International AG acquired a new position in Energy Fuels in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UUUU. BMO Capital Markets assumed coverage on shares of Energy Fuels in a research note on Friday, August 14th. They set an "outperform" rating and a $18.00 price target for the company. UBS Group raised shares of Energy Fuels to a "neutral" rating in a research note on Friday, August 14th. HC Wainwright increased their price objective on Energy Fuels from $29.00 to $29.25 and gave the company a "buy" rating in a report on Tuesday. The Goldman Sachs Group lowered their target price 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. Finally, Roth Capital raised Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 target price on the stock in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.85.

Insider Activity

In other Energy Fuels news, Director Bruce D. Hansen bought 4,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ross R. Bhappu bought 74,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of $13.08 per share, with a total value of $967,920.00. Following the purchase, the chief executive officer directly owned 256,583 shares of the company's stock, valued at $3,356,105.64. This trade represents 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 corporate insiders.

Energy Fuels Stock Up 0.5%

Energy Fuels stock opened at $14.29 on Thursday. 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 Inc has a 52-week low of $10.69 and a 52-week high of $27.90. The firm has a 50 day moving average price of $13.53 and a two-hundred day moving average price of $17.07. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -44.66 and a beta of 1.57.

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 analysts' consensus estimates of ($0.04) by ($0.09). Energy Fuels had a negative net margin of 77.75% and a negative return on equity of 11.29%. The firm had revenue of $25.11 million for the quarter. Equities analysts predict that Energy Fuels Inc will post -0.25 EPS for the current year.

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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