HC Wainwright Forecasts Strong Price Appreciation for Energy Fuels (NYSEAMERICAN:UUUU) Stock

Key Points

• HC Wainwright has raised its price target for Energy Fuels (NYSEAMERICAN:UUUU) stock from $16.25 to $27.50, indicating a potential upside of 21.79% from its current price.
• The company's earnings report showed a loss of ($0.10) per share, missing analyst expectations and reflecting a negative net margin of 143.05%.
• Insider selling has occurred, with Director Dennis Lyle Higgs and another director selling shares valued at over $230,000 in recent transactions.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) had its price objective lifted by equities research analysts at HC Wainwright from $16.25 to $27.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price objective suggests a potential upside of 21.79% from the company's current price.

Other equities research analysts also recently issued reports about the company. Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target on the stock. in a report on Friday, July 11th. B. Riley started coverage on Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $12.06.

Energy Fuels Price Performance

Shares of UUUU stock opened at $22.58 on Tuesday. Energy Fuels has a 1 year low of $3.20 and a 1 year high of $27.33. The stock's 50 day simple moving average is $14.60 and its two-hundred day simple moving average is $8.99. The company has a market cap of $5.21 billion, a PE ratio of -46.08 and a beta of 1.79.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The company had revenue of $4.21 million for the quarter. The company's quarterly revenue was up –51.7% compared to the same quarter last year. Equities research analysts expect that Energy Fuels will post -0.1 EPS for the current year.

Insider Buying and Selling

In related news, Director Dennis Lyle Higgs sold 6,000 shares of Energy Fuels stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $14.88, for a total value of $89,280.00. Following the sale, the director directly owned 218,881 shares in the company, valued at approximately $3,256,949.28. The trade was a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J. Birks Bovaird sold 10,000 shares of Energy Fuels stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $14.85, for a total value of $148,500.00. Following the completion of the sale, the director owned 195,617 shares in the company, valued at approximately $2,904,912.45. The trade was a 4.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 618,724 shares of company stock worth $6,782,959. Insiders own 1.92% of the company's stock.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors have recently bought and sold shares of UUUU. Kingstone Capital Partners Texas LLC acquired a new stake in Energy Fuels in the 2nd quarter worth about $29,525,000. Alps Advisors Inc. boosted its holdings in shares of Energy Fuels by 29.0% during the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after purchasing an additional 3,584,798 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Energy Fuels by 93.6% during the 2nd quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock worth $25,105,000 after purchasing an additional 2,111,466 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Energy Fuels by 530.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock worth $11,892,000 after purchasing an additional 1,740,183 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Energy Fuels by 10.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after purchasing an additional 1,231,484 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.

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