Van ECK Associates Corp Raises Holdings in Energy Fuels Inc. (NYSE:UUUU)

Van ECK Associates Corp boosted its position in shares of Energy Fuels Inc. (NYSE:UUUU) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 884,539 shares of the company’s stock after buying an additional 78,466 shares during the quarter. Van ECK Associates Corp owned approximately 0.54% of Energy Fuels worth $5,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UUUU. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Energy Fuels in the fourth quarter valued at about $31,000. Optiver Holding B.V. raised its holdings in shares of Energy Fuels by 1,282.2% during the fourth quarter. Optiver Holding B.V. now owns 4,423 shares of the company’s stock valued at $32,000 after acquiring an additional 4,103 shares during the last quarter. Motley Fool Wealth Management LLC purchased a new position in shares of Energy Fuels in the fourth quarter valued at approximately $70,000. Gainplan LLC acquired a new stake in shares of Energy Fuels in the fourth quarter worth approximately $84,000. Finally, Russell Investments Group Ltd. increased its position in shares of Energy Fuels by 956.1% during the fourth quarter. Russell Investments Group Ltd. now owns 12,494 shares of the company’s stock worth $90,000 after purchasing an additional 11,311 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

UUUU has been the topic of several recent research reports. Roth Capital cut shares of Energy Fuels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 5th. HC Wainwright upped their price objective on shares of Energy Fuels from $10.00 to $10.75 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Roth Mkm lowered shares of Energy Fuels from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $6.50 to $6.25 in a research note on Wednesday, June 5th. Finally, B. Riley assumed coverage on Energy Fuels in a research report on Thursday, April 18th. They issued a “buy” rating and a $9.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.67.

Energy Fuels Stock Up 0.3 %

UUUU stock traded up $0.02 during midday trading on Friday, hitting $5.94. 1,282,609 shares of the company’s stock were exchanged, compared to its average volume of 3,004,870. Energy Fuels Inc. has a 1-year low of $5.16 and a 1-year high of $9.02. The company’s 50-day simple moving average is $6.12.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Energy Fuels had a negative net margin of 24.83% and a negative return on equity of 6.27%. The business had revenue of $25.43 million during the quarter, compared to analysts’ expectations of $26.25 million. As a group, sell-side analysts anticipate that Energy Fuels Inc. will post -0.11 EPS for the current year.

Energy Fuels Profile

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.