Energy Fuels (NYSEAMERICAN:UUUU) Stock Rating Lowered by Zacks Research

Energy Fuels (NYSEAMERICAN:UUUU) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

A number of other equities analysts have also recently issued reports on the stock. HC Wainwright cut their target price on shares of Energy Fuels from $29.25 to $22.50 and set a “buy” rating on the stock in a report on Thursday, November 5th. UBS Group upgraded Energy Fuels to a “neutral” rating in a research note on Friday, August 14th. BMO Capital Markets assumed coverage on Energy Fuels in a report on Friday, August 14th. They set an “outperform” rating and a $18.00 target price for the company. Roth Capital upgraded Energy Fuels from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, August 7th. Finally, B. Riley Financial cut their price target on Energy Fuels from $25.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

Energy Fuels Stock Down 7.8%

UUUU stock opened at $6.74 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 20.49 and a quick ratio of 18.60. Energy Fuels has a 12-month low of $6.21 and a 12-month high of $27.90. The stock’s 50 day simple moving average is $10.23 and its 200 day simple moving average is $15.82.

Energy Fuels (NYSEAMERICAN:UUUU) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). Energy Fuels had a negative return on equity of 14.83% and a negative net margin of 100.40%. The business had revenue of $29.18 million during the quarter. Energy Fuels’s quarterly revenue was up 64.8% on a year-over-year basis. On average, equities research analysts expect that Energy Fuels will post -0.38 earnings per share for the current year.

Institutional Investors Weigh In On Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in shares of Energy Fuels by 13.9% during the third quarter. Alps Advisors Inc. now owns 11,060,390 shares of the company’s stock valued at $121,996,000 after purchasing an additional 1,349,502 shares in the last quarter. Royal Bank of Canada grew its position in Energy Fuels by 876.1% in the 1st quarter. Royal Bank of Canada now owns 874,126 shares of the company’s stock valued at $15,953,000 after buying an additional 986,758 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Energy Fuels in the 2nd quarter valued at about $9,331,000. Renaissance Technologies LLC acquired a new position in Energy Fuels during the 1st quarter valued at about $11,640,000. Finally, Temasek Holdings Private Ltd acquired a new position in Energy Fuels during the 1st quarter valued at about $10,183,000. 48.24% of the stock is currently owned by institutional investors.

About Energy Fuels

Energy Fuels Inc. is a U.S.-based critical minerals company focused on uranium, rare earth elements and mineral sands. Its uranium business includes mining projects in the western United States and the White Mesa Mill in Utah, where the company processes uranium ore into uranium concentrate for the nuclear fuel market. The mill is also used to process materials containing rare earth elements and vanadium. At White Mesa, Energy Fuels has been developing its rare earth processing capabilities, including the production of rare earth products from monazite-bearing materials.