Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 9.3% - Here's What Happened

Key Points

• Energy Fuels shares fell 9.3% to $8.41 in mid-day trading, with volume reaching approximately 4.34 million shares.
• Analysts remain broadly bullish, with five Buy ratings and two Holds; the consensus rating is “Moderate Buy” with a $21.85 price target.
• The company reported a quarterly EPS loss of $0.13, missing the $0.04 loss estimate, while revenue totaled $25.11 million and net margin remained negative.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) traded down 9.3% on Wednesday. The company traded as low as $8.37 and last traded at $8.41. Approximately 4,335,475 shares were traded during mid-day trading, a decline of 58% from the average session volume of 10,219,045 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UUUU. Roth Capital upgraded Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 target price for the company in a report on Friday, August 7th. B. Riley Financial cut 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. BMO Capital Markets began coverage on Energy Fuels in a research report on Friday, August 14th. They issued an "outperform" rating and a $18.00 price target on the stock. UBS Group upgraded Energy Fuels to a "neutral" rating in a research note on Friday, August 14th. Finally, HC Wainwright lifted their price objective on Energy Fuels from $29.00 to $29.25 and gave the company a "buy" rating in a research note on Tuesday, September 1st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.85.

Energy Fuels Price Performance

The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -26.06 and a beta of 1.77. The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average of $12.97 and a 200-day moving average of $15.35.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Accel Wealth Management raised its holdings in shares of Energy Fuels by 3.7% in the third quarter. Accel Wealth Management now owns 35,953 shares of the company's stock valued at $397,000 after buying an additional 1,294 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Energy Fuels by 5.1% during the second quarter. WINTON GROUP Ltd now owns 193,503 shares of the company's stock worth $2,806,000 after buying an additional 9,400 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Energy Fuels during the second quarter worth about $358,000. Integrated Wealth Concepts LLC purchased a new position in shares of Energy Fuels during the second quarter worth about $107,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Energy Fuels by 91.7% during the second quarter. NewEdge Advisors LLC now owns 51,678 shares of the company's stock worth $749,000 after buying an additional 24,723 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Energy Fuels Company Profile

Energy Fuels Inc is a U.S.-based critical minerals company focused on uranium, rare earth elements and vanadium. The company produces uranium concentrate, commonly known as yellowcake, for the nuclear energy industry and maintains a portfolio of uranium mines, mining projects and mineral properties primarily in the United States.

Energy Fuels owns and operates the White Mesa Mill in Utah, which it describes as the only conventional uranium mill currently operating in the United States.

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