Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up – Here’s What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU) gapped up prior to trading on Thursday . The stock had previously closed at $15.30, but opened at $17.92. Energy Fuels shares last traded at $16.77, with a volume of 6,948,751 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on UUUU. The Goldman Sachs Group decreased their price target on shares of Energy Fuels from $29.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. HC Wainwright raised their price objective on Energy Fuels from $27.25 to $29.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $17.00 target price on shares of Energy Fuels in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Energy Fuels has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Energy Fuels Stock Performance

The firm’s 50-day moving average price is $18.78 and its two-hundred day moving average price is $18.93. The company has a quick ratio of 25.59, a current ratio of 27.51 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $4.13 billion, a PE ratio of -56.93 and a beta of 1.44.

Energy Fuels (NYSEAMERICAN:UUUU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Energy Fuels had a negative net margin of 83.26% and a negative return on equity of 10.23%. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 112.1% on a year-over-year basis. As a group, research analysts predict that Energy Fuels Inc will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Daniel Kapostasy sold 15,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $18.71, for a total value of $280,650.00. Following the completion of the sale, the vice president owned 30,486 shares of the company’s stock, valued at $570,393.06. This trade represents a 32.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in Energy Fuels by 4,108.3% in the 1st quarter. Empowered Funds LLC now owns 511,478 shares of the company’s stock worth $9,334,000 after acquiring an additional 499,324 shares in the last quarter. Rathbones Group PLC grew its stake in Energy Fuels by 1.9% during the 1st quarter. Rathbones Group PLC now owns 64,845 shares of the company’s stock valued at $1,183,000 after acquiring an additional 1,200 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Energy Fuels in the 1st quarter valued at about $9,845,000. Amundi purchased a new stake in shares of Energy Fuels in the first quarter worth approximately $368,000. Finally, Royal Bank of Canada lifted its position in shares of Energy Fuels by 876.1% in the first quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock worth $15,953,000 after purchasing an additional 986,758 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

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.