Energy Fuels (NYSEAMERICAN:UUUU) Rating Lowered to “Strong Sell” at Zacks Research

Energy Fuels (NYSEAMERICAN:UUUU) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Roth Capital upgraded shares of Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, August 7th. The Goldman Sachs Group lowered their price objective 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 reissued a “buy” rating and set a $29.00 target price on shares of Energy Fuels in a research note on Monday, June 22nd. Finally, B. Riley Financial reduced their target price on Energy Fuels from $27.00 to $25.00 and set a “buy” rating for the company in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.75.

Energy Fuels Trading Down 2.1%

Shares of UUUU opened at $14.47 on Tuesday. The business’s 50-day moving average price is $13.71 and its 200 day moving average price is $17.93. The company has a current ratio of 27.51, a quick ratio of 25.59 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $3.62 billion, a P/E ratio of -45.22 and a beta of 1.53. Energy Fuels has a 1-year low of $8.16 and a 1-year high of $27.90.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Energy Fuels had a negative net margin of 77.75% and a negative return on equity of 11.65%. The firm had revenue of $25.11 million for the quarter. Analysts expect that Energy Fuels will post -0.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Ross R. Bhappu purchased 74,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of $13.08 per share, with a total value of $967,920.00. Following the purchase, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce D. Hansen purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average cost of $12.70 per share, with a total value of $50,800.00. Following the completion of the purchase, the director directly owned 313,844 shares in the company, valued at approximately $3,985,818.80. This represents a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

Hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its position in Energy Fuels by 74.5% in the fourth quarter. Harbour Investments Inc. now owns 1,736 shares of the company’s stock worth $25,000 after acquiring an additional 741 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Energy Fuels by 75.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 758 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Energy Fuels during the 4th quarter valued at $27,000. State of Wyoming acquired a new stake in shares of Energy Fuels in the 4th quarter valued at $34,000. Finally, EFG International AG acquired a new stake in shares of Energy Fuels in the 4th quarter valued at $36,000. Institutional investors and hedge funds 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.