Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 7.2% - Still a Buy?

Key Points

• Energy Fuels shares rose 7.2% to $15.95, although trading volume was 58% below the average daily level.
• Analyst sentiment remains broadly positive, with five Buy ratings, one Hold and one Sell; the consensus rating is “Moderate Buy” with a $21.80 price target.
• The company reported a quarterly loss of $0.13 per share, missing estimates by $0.09, while CEO Ross Bhappu and a director recently purchased shares; institutional investors own 48.24% of the stock.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s stock price rose 7.2% during trading on Tuesday . The company traded as high as $16.02 and last traded at $15.95. Approximately 4,622,163 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 10,887,774 shares. The stock had previously closed at $14.88.

Wall Street Analyst Weigh In

Several research firms have issued reports on UUUU. B. Riley Financial cut their price target on shares of Energy Fuels from $27.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, August 10th. 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 note on Friday, June 12th. Zacks Research lowered Energy Fuels from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. BMO Capital Markets assumed coverage on Energy Fuels in a research note on Friday, August 14th. They issued an "outperform" rating and a $18.00 price target on the stock. Finally, HC Wainwright reiterated a "buy" rating and issued a $29.00 price objective on shares of Energy Fuels in a research report on Monday, June 22nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.80.

Energy Fuels Trading Up 7.9%

The firm has a market cap of $4.01 billion, a P/E ratio of -50.19 and a beta of 1.53. The firm's fifty day moving average is $13.63 and its two-hundred day moving average is $17.39. The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85.

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

Insider Buying and Selling

In other Energy Fuels news, CEO Ross R. Bhappu bought 74,000 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of $13.08 per share, for a total transaction of $967,920.00. Following the completion of the acquisition, the chief executive officer owned 256,583 shares of the company's stock, valued at approximately $3,356,105.64. This trade represents a 40.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bruce D. Hansen bought 4,000 shares of the business's stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of $12.70 per share, for a total transaction of $50,800.00. Following the completion of the purchase, the director 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of Energy Fuels

A number of institutional investors have recently made changes to their positions in UUUU. AQR Capital Management LLC purchased a new stake in Energy Fuels in the first quarter worth approximately $871,000. NewEdge Advisors LLC lifted its position in shares of Energy Fuels by 67.7% during the 1st quarter. NewEdge Advisors LLC now owns 57,876 shares of the company's stock valued at $216,000 after buying an additional 23,356 shares in the last quarter. Creative Planning raised its position in shares of Energy Fuels by 56.9% during the 2nd quarter. Creative Planning now owns 53,344 shares of the company's stock valued at $307,000 after purchasing an additional 19,339 shares during the period. Prudential Financial Inc. lifted its position in shares of Energy Fuels by 82.1% in the second quarter. Prudential Financial Inc. now owns 22,540 shares of the company's stock valued at $130,000 after acquiring an additional 10,163 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Energy Fuels by 31.7% during the second quarter. Russell Investments Group Ltd. now owns 15,994 shares of the company's stock valued at $92,000 after acquiring an additional 3,854 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

About Energy Fuels

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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